Inflation has meant that something that cost $15 in 2012 would probably cost almost $20 today, according to the U.S. Bureau of Labor Statistics.
New York Sen. Jessica Ramos, D-East Elmhurst, stands with protesters urging lawmakers to raise New York's minimum wage during a rally at the state Capitol, Monday, March 13, 2023, in Albany, N.Y. ALBANY, N.Y.
But opponents to the wage hikes say they can be detrimental to small businesses, which already took a major hit during the coronavirus pandemic. The federal minimum wage in the United States has stayed at $7.25 per hour since 2009, but states and some localities are free to set higher amounts. Thirty states have done so.
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Push in states for $20 minimum wage as inflation persistsInflation has meant that something that cost $15 in 2012 — when labor activists adopted the 'Fight for $15' slogan in a push for wage hikes — would probably cost almost $20 today.
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Push in states for $20 minimum wage as inflation persistsInflation has meant that something that cost $15 in 2012 — when labor activists adopted the 'Fight for $15' slogan in a push for wage hikes — would probably cost almost $20 today.
Lire la suite »
Push in states for $20 minimum wage as inflation persistsJust years after labor activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the pay bump are finding their hard-won gains erased by inflation
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Push in states for $20 minimum wage as inflation persistsA bill in New York would raise the state’s minimum wage to $21.25 by 2026, and then adjust it each year going forward for inflation.
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Push in states for $20 minimum wage as inflation persistsA bill in New York would raise the state’s minimum wage to $21.25 by 2026, and then adjust it each year going forward for inflation.
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$20 minimum wage could come to New York as inflation persistsNew York is among the states where legislation has been filed to boost minimum wages to $20 or more.
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