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1 How Increasing the Federal Minimum Wage Could Affect Employment and Family Income
- Author: cbo.gov
- Published Date: 04/28/2022
- Review: 4.95 (730 vote)
- Summary: · In general, increasing the federal minimum wage would raise the earnings … $33,500 for families with income 1.0 to 1.49 times the poverty
- Matching search results: If workers lost their jobs because of a minimum-wage increase, how long would they stay jobless? At one extreme, an increase in the minimum wage could put a small group of workers out of work indefinitely so that they never benefited from higher …
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2 The 15 minimum wage in 4 charts: How states and industries measure up across the U.S
- Author: fortune.com
- Published Date: 09/25/2021
- Review: 4.78 (257 vote)
- Summary: · The last time the U.S. raised the federal minimum wage—from $6.55 per hour to $7.25—was in July 2009, as the country was emerging from the
- Matching search results: The last time the U.S. raised the federal minimum wage—from $6.55 per hour to $7.25—was in July 2009, as the country was emerging from the Great Recession. That $7.25 rate in mid-2009 would be the equivalent of $8.81 per hour in 2021 dollars. For …
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3 The 7.25 federal minimum wage just turned 13 years old. This map shows the last time states raised their wages
- Author: businessinsider.com
- Published Date: 10/25/2021
- Review: 4.57 (421 vote)
- Summary: · The current federal minimum wage has been $7.25 for 13 straight years now; the last increase was July 24, 2009. Many states and localities
- Matching search results: Some economists and critics of a minimum wage increase argue that a raise would negatively impact employment, but that may not be the case. However, these raises do have an immediate and tangible impact on workers — and workers of color and women …
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4 Its Long Past Time To Increase the Federal Minimum Wage
- Author: americanprogress.org
- Published Date: 06/18/2022
- Review: 4.31 (443 vote)
- Summary: · It has been 13 years since the federal minimum wage was increased: Since July 2009, the federal minimum wage has remained at $7.25 per hour. In
- Matching search results: At a federal level, Congress must increase the federal minimum wage by passing the Raise the Wage Act of 2021 and work to end the subminimum wage for tipped and disabled workers. In addition, the federal government must establish guardrails that …
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5 State Minimum Wages – National Conference of State Legislatures
- Author: ncsl.org
- Published Date: 11/23/2021
- Review: 4.13 (520 vote)
- Summary: 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. Washington D.C.
- Matching search results: 8 Minnesota: With the passage of H.B. 2091 (2014), the annual sales volume threshold was reduced to $500,000. For large employers, with an annual sales volume of $500,000 or more, the minimum wage is currently $9.50; for small employers, those with …
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6 Progressives Mark 12 Years Since Last Federal Minimum Wage Hike, Blast ‘Starvation’ Pay
- Author: newsweek.com
- Published Date: 05/05/2022
- Review: 3.97 (264 vote)
- Summary: · Congress last raised the federal minimum wage to its current level of $7.25 per hour on July 24, 2009. Since then, inflation has increased
- Matching search results: Congress last raised the federal minimum wage to its current level of $7.25 per hour on July 24, 2009. Since then, inflation has increased substantially while the lowest-paid workers in the country continue to earn the same amount they did more than …
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7 Minimum wage hasn’t been raised for the longest time in history
- Author: finance.yahoo.com
- Published Date: 08/01/2022
- Review: 3.75 (440 vote)
- Summary: · The last time the U.S. government raised the minimum wage was in May 2007 — that decision increased wages to $7.25 an hour starting July 24,
- Matching search results: “It definitely would reduce the number of people that rely on public assistance, without a doubt,” Cooper said. “This would save money in terms of social assistance savings.” While Cooper argues this money should be reinvested back into those …
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