are they increasing minimum wage?
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New York became the second state to pass a new law that would raise the minimum wage in New York City to $15 per hour by the end of 2018. ... The new law increases the minimum wage to $15 per hour by Jan.
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West Virginia Minimum Wage Increase News In February of 2019, House Bill 2871 was introduced, which proposed a gradual increase in the minimum wage to $12.
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In theory, raising the minimum wage forces business owners to raise the prices of their goods or services, thereby spurring inflation. In actual practice, however, it is not so simple since wages are only one part of the cost of a product or service paid for by consumers.
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New York became the second state to pass a new law that would raise the minimum wage in New York City to $15 per hour by the end of 2018. ... The new law increases the minimum wage to $15 per hour by Jan. 1, 2022, for employers with 26 or more employees.
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First, most people who earn minimum wages are not the sole income earner in their household. ... Poverty can increase because minimum wage hikes make some low income households worse off by reducing employment opportunities for young workers in the family.
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California State Minimum Wage On January 1, 2020, California's statewide minimum wage will increase to $13 per hour for employers with 26 or more employees and $12 per hour for employers with 25 or fewer employees.
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It would increase the federal pay floor to $15 per hour by 2025, then index future increase to median wage gains. The minimum wage hikes would take effect on the following schedule: $8.40 in 2019, $9.50 in 2020, $10.60 in 2021, $11.70 in 2022, $12.80 in 2023, $13.90 in 2024 and $15 in 2025.
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Washington D.C. followed suit, enacting a law to raise the minimum wage in the District to $15 per hour by July 1, 2020. On April 4, California Governor Jerry Brown signed SB 3 into law. The new law increases the minimum wage to $15 per hour by Jan. 1, 2022, for employers with 26 or more employees.
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Office of Wage-Hour Compliance. Beginning July 1, 2020, the minimum wage in the District of Columbia will increase from $14.00 per hour to $15.00 per hour for all workers, regardless of the size of the employer. The base minimum wage for tipped employees will increase from $4.45 per hour to $5.00.
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Pennsylvania's minimum wage has been stuck at $7.25 an hour since 2009, the minimum wage allowed by federal law. ... The governor's proposal raises the minimum wage to $12 an hour on July 1, 2020 with annual 50 cent increases until reaching $15 an hour in 2026.
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At worse, they find minimum wage increases can actually increase relative poverty. Poverty can increase because minimum wage hikes make some low income households worse off by reducing employment opportunities for young workers in the family.
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Ontario employment and labour laws do not set out when or if pay increases shall be made with one exception: the minimum wage. ... Many employers will offer cost of living adjustments to ensure employees' wages keep up with inflation but they are not obligated to do so.
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The minimum wage will continue to increase every year across New York State until it reaches $15.00 per hour on December 31st, 2020. Wage orders published by the Department of Labor can modify the minimum wage rate for workers in certain industries.
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When the minimum wage goes up, workers become more valuable to businesses and jobs generally get better. Workers get more training and there is less turnover. Businesses can put more energy into raising efficiency rather than keeping tabs on workers in poverty.
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Poverty can increase because minimum wage hikes make some low income households worse off by reducing employment opportunities for young workers in the family. ... While the more productive workers gain through a higher wage, their gain comes at the expense of others who lose as a result of fewer employment opportunities.
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Pros of a Higher Minimum Wage Raising the minimum wage on a regular basis helps families keep up with price inflation. Putting more money in the hands of people who will readily spend it helps the economy. Increased wages and spending raise demand and create more jobs.
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The revised National Minimum Wage rates that will also take effect on 1 April 2018 are: Workers aged 21-24 to increase from £7.05 to £7.38 per hour. Workers aged 18-20 to increase from £5.60 to £5.90.