New minimum wage news

Here are some recent updates on minimum wage news:

United States:

• On January 1, 2022, the federal minimum wage in the United States increased from $7.25 to $7.25 per hour, as required by the Fair Labor Standards Act (FLSA). However, some states and cities have higher minimum wages.
• In March 2022, the Biden administration proposed a new minimum wage of $15 per hour for federal contractors, which would affect over 400,000 workers.
• In April 2022, a bill was introduced in Congress to raise the federal minimum wage to $15 per hour by 2025.

State and Local Minimum Wage Updates:

• California: On January 1, 2022, the state minimum wage increased to $15.50 per hour for employers with 26 or more employees.
• New York: On December 31, 2021, the state minimum wage increased to $14.20 per hour for employers with 11 or more employees.
• Florida: On January 1, 2022, the state minimum wage increased to $10.00 per hour.
• Seattle, Washington: On January 1, 2022, the city minimum wage increased to $16.39 per hour.

International Minimum Wage Updates:

• Canada: In June 2022, the Canadian government announced plans to increase the federal minimum wage to $15 per hour by 2025.
• United Kingdom: In April 2022, the UK government announced plans to increase the national minimum wage to £9.50 per hour (approximately $12.50 USD) by 2023.
• Australia: In July 2022, the Australian government announced plans to increase the national minimum wage to AU$25.41 per hour (approximately $18.50 USD) by 2023.

Other Developments:

• In March 2022, a study by the Economic Policy Institute found that if the federal minimum wage had kept pace with productivity growth since 1968, it would be over $24 per hour today.
• In April 2022, a report by the Center for American Progress found that raising the federal minimum wage to $15 per hour could lift over 4 million workers out of poverty.

These are just a few examples of recent minimum wage news. If you're looking for more information or specific updates on a particular state or country, feel free to ask!