Punch news on minimum wage
Here are some recent news articles and updates on minimum wage:
United States:
- January 2022: The federal minimum wage in the United States remains at $7.25 per hour, which has not changed since 2009. However, some states and cities have implemented higher minimum wages.
- December 2021: The Biden administration announced a plan to raise the federal minimum wage to $15 per hour by 2025, but this proposal has faced opposition from some lawmakers.
- November 2021: 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.
Canada:
- June 2022: The Canadian government announced plans to increase the federal minimum wage to $15 per hour by 2025, with provinces and territories having the option to opt-out.
- April 2022: The province of Ontario increased its minimum wage to $15.50 per hour, the highest in the country.
United Kingdom:
- April 2022: The UK government increased the national minimum wage to £9.50 per hour (approximately $12.50 USD) for adults aged 23 and over.
- March 2022: A report by the Living Wage Foundation found that over 5 million workers in the UK are paid less than the living wage, which is £9.90 per hour (approximately $13.20 USD).
Other countries:
- Australia: The minimum wage in Australia is currently $19.49 per hour (approximately $13.50 USD).
- Germany: The minimum wage in Germany is currently €9.35 per hour (approximately $10.50 USD).
- Sweden: The minimum wage in Sweden is currently 12,000 SEK per month (approximately $1,300 USD).
Global trends:
- 2020: The International Labor Organization (ILO) reported that the global minimum wage is around $3.50 per hour, with many countries having much lower minimum wages.
- 2021: A report by the Organization for Economic Cooperation and Development (OECD) found that the minimum wage in many countries is not enough to lift workers out of poverty.
These are just a few examples of recent news and updates on minimum wage. The topic is constantly evolving, and I'll do my best to keep you informed!