What States Are Raising Minimum Wage To $15 In 2025
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What States Are Raising Minimum Wage To $15 In 2025. The liberal economic policy institute estimates that 31 percent of african americans and 26 percent of latinos would receive a raise if the federal minimum wage. The raise the wage act fulfills a key pillar of president biden’s american rescue plan.
The highest state minimum wage in 2024 will be washington state, at $16.28, up from $15.74. The state’s minimum wage is currently $11.50 an hour;
A New Epi Report Finds That The Raise The Wage Act Of 2021, Which Phases In A $15 Minimum Wage By 2025, Would Raise The Earnings Of 32 Million Workers—21% Of.
The raise the wage act fulfills a key pillar of president biden’s american rescue plan.
The Legislation Would Hike That To.
The raise the wage act of 2021 (hr 603) would increase the federal minimum wage in five annual steps, from $7.25 to $15 in 2025, with annual increases thereafter indexed to the median wage.
What States Are Raising Minimum Wage To $15 In 2025 Images References :
In The Absence Of Action At The National Level, Many States And Localities Have Raised Their Own Minimum Wages.
Explore the map to see how these rapidly.
The Raise The Wage Act Fulfills A Key Pillar Of President Biden’s American Rescue Plan;.
Under the default policy based on the raise the wage act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027,.