These are the places in America where the minimum wage will increase this summer

These are the places in America where the minimum wage will increase this summer

15 states and territories will increase the minimum wage this summer in an effort by state legislatures or affected cities to reduce the effects of inflation.

According to estimates from the Economic Policy Institute (EPI) published in a report on June 30, the hike would directly benefit about 765,000 workers, 31% of whom are Latino.

The EPI report states that the revision has the effect of increasing the wages of those who earn more money, as it revises the pay scales.

“Raising the minimum wage remains a key policy plank to reduce inequality and create a more equitable economy,” the report said.

According to the EPI report, this increase is slightly higher than the growth recorded in recent years, but it does not meet the demands of rising inflation, which has become one of the major challenges of the US economy.

“Adjusting the minimum wage to inflation helps protect workers’ purchasing power when prices rise. Since inflation has been high, the size of the inflation adjustment has historically been large, but regularly scheduled increases to the minimum Pay,” the report underlines.

Read Also:  The actress who starred in Commando with Arnold Schwarzenegger looks like she is almost 40 years old

It should be noted that the federal minimum wage, $7.25 an hour, has not changed since 2009. Calculations from the Axios website based on federal government data indicate that, adjusted for inflation, this would be $10.24. Democrats tried to increase it to $15 in 2021, but the initiative failed in the Senate.

“The worst may be over”: experts analyze implications of fall in inflation

Which states and territories will raise the minimum wage in the summer of 2023?

Effective July 1, as part of an inflation adjustment, Oregon raised the state minimum wage by 70 cents to $14.20.

In Portland, the increase was $1.25 and held steady at $15.45.

In Washington DC, the minimum wage was also adjusted for inflation to $17 an hour (an increase of 90 cents).

In Connecticut, it rose by one dollar to bring the total to $15 an hour, while the minimum wage in Nevada is $11.25, up from the previous rate of $10.50.

As for cities, it increased in 12 California cities, including San Francisco and Berkeley ($18.07), Los Angeles ($16.78), Malibu ($16.90) and West Hollywood, which has the highest minimum wage in the country at $19.08.

Read Also:  Martin Scorsese: Documentaries don't work anymore?

In Chicago, the increase was 40 cents, bringing the minimum wage to $15.80, while in Montgomery County, Maryland, the rate is $16.70, an increase of $1.05.

In Florida, the state’s minimum wage will increase to $12 starting Sept. 30, thanks to a 2020 ballot initiative.

Eight states cap the minimum wage at the federal limit.

Only four states keep their minimum wage above $15 an hour: Connecticut, California, Washington, and Massachusetts. These are among 28 states that have adjusted their laws to provide a higher minimum wage than that established by the federal government.

There are eight states that do not have their own minimum – or have less than the federal one established and, therefore, it is the one that is considered -: Alabama, Georgia, Louisiana, Mississippi, South Carolina, Tennessee and Wyoming.

Moreover, the minimum wage hike announced this year, though reducing the burden on workers, does not help in correcting wage inequality.

31.1% of employees benefiting from increases are Latino

The report states that 19.6% of the workers affected by the increase in the state are in poverty.

Read Also:  Hugh Jackman in "The Son" and "The Symbol III" at the awards this week

The report says a “disproportionate number” of workers in this position are women: they rise to 57.6% when they account for 48.4% of the workforce in the places where the increases took place this summer.

Of those benefiting from the increases announced this summer, 31.1% of benefited workers are Latino, while 13.7% of affected workers are African-American. Yet, the disparity is also evident, as these groups represent only 17.6% and 9.9% of the labor force, respectively, in affected locations.

The report also notes that conditions in the economy have increased for workers at a higher pace following the COVID-19 pandemic, although it stresses that this pace is “temporary”.

Despite the effects of inflation, the post-pandemic economy has also been characterized by a tight labor market that has generated historically rapid wage growth for low-wage workers.

Flour and bread are among the food items whose price has increased the most, despite the fact that inflation has come down


Please enter your comment!
Please enter your name here