National minimum wage news

Here are some recent news articles and updates on the national minimum wage:

United States:

• On January 1, 2022, the federal minimum wage increased from $7.25 to $7.50 per hour, as part of the COVID-19 relief package signed into law by President Joe Biden.
• In March 2022, the House of Representatives passed the Raise the Wage Act, which would gradually increase the federal minimum wage to $15 per hour by 2025. The bill is currently stalled in the Senate.
• Many states and cities have implemented their own minimum wage laws, with some setting higher rates than the federal minimum wage. For example, California's minimum wage is $15 per hour, while New York City's minimum wage is $15.60 per hour.

Other Countries:

• In the United Kingdom, the national living wage (NLW) increased from £8.91 to £9.50 per hour on April 1, 2022, for workers aged 23 and over.
• In Australia, the national minimum wage increased from AU$19.49 to AU$20.33 per hour on July 1, 2022.
• In Canada, the federal minimum wage is set to increase from $15.00 to $15.55 per hour on June 1, 2022, as part of the country's annual inflation adjustment.

Recent Research and Studies:

• A study by the Economic Policy Institute (EPI) found that increasing the federal minimum wage to $15 per hour would lift the wages of over 30 million workers and reduce poverty and income inequality.
• A study by the Federal Reserve Bank of San Francisco found that a $15 minimum wage would have a positive impact on the economy, including reducing poverty and increasing economic mobility.
• A study by the National Bureau of Economic Research found that states that have implemented higher minimum wages have seen significant increases in employment and economic growth.

Recent Developments and Proposals:

• In April 2022, the Biden administration announced a proposal to increase the federal minimum wage to $15 per hour by 2025, as part of its budget proposal for the 2023 fiscal year.
• In May 2022, the Senate passed a budget resolution that includes a provision to increase the federal minimum wage to $15 per hour, but the bill is still pending in the House of Representatives.
• Many cities and states are considering or have implemented their own minimum wage laws, including cities like Seattle, San Francisco, and New York City, and states like California, Massachusetts, and New Jersey.

I hope this information is helpful!