Today news on minimum wage

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

United States:

• The federal minimum wage in the United States has been stuck at $7.25 per hour since 2009. There have been ongoing efforts to increase it, but so far, no changes have been made.
• In January 2022, the Biden administration proposed a $15 per hour minimum wage for federal contractors, but it has not yet been implemented.
• Some cities and states have raised their minimum wages above the federal level. For example, California, New York, and Massachusetts have minimum wages of $15 per hour or higher.

International:

• In the United Kingdom, the minimum wage is £9.50 (approximately $12.50 USD) per hour for adults, and £4.81 (approximately $6.30 USD) per hour for 18-20-year-olds.
• In Canada, the minimum wage varies by province, but the federal minimum wage is $15.00 per hour.
• In Australia, the minimum wage is AU$19.49 (approximately $13.50 USD) per hour.

Recent Developments:

• In January 2022, the International Labor Organization (ILO) called for a global minimum wage of $12.50 per hour to help reduce poverty and inequality.
• In February 2022, the European Union proposed a minimum wage of €12.50 (approximately $14.50 USD) per hour for all EU countries.
• In March 2022, the United States Senate passed a bill to increase the federal minimum wage to $15 per hour, but it has not yet been passed by the House of Representatives.

Arguments For and Against a Higher Minimum Wage:

• Proponents of a higher minimum wage argue that it would help reduce poverty and income inequality, as well as stimulate economic growth.
• Opponents argue that a higher minimum wage could lead to job losses, as businesses may be forced to cut staff or reduce hours to offset the increased costs.

I hope this information is helpful!