Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy

Minimum wage is on the rise in certain states

Mark Garrison Nov 18, 2016
Share Now on:
HTML EMBED:
COPY
A Service Employees International Union member celebrates after California Governor Jerry Brown signed landmark legislation SB 3 into law on April 4, 2016 in Los Angeles, California.
David McNew/Getty Images

The election results show how divided the country is, but there’s an important economic issue where there’s some real agreement. On Election Day, people in four states voted to jack up the minimum wage.

Arizona, Colorado, Maine and Washington state will hike wages gradually, hitting $12 per hour by the year 2020, and $13.50 in Washington. The pay raises on the ballot all won by wide margins. Low-income workers in these states will earn much more than the current federal minimum of $7.25 an hour, the ceiling for 2.6 million workers.

“These folks who are earning at that rate cannot get by that easily. It’s not a good standard of life at that wage rate,” said Satyam Panday, an economist at S&P Global.

Republican congressional leaders have shown little interest in raising the federal minimum wage. President-elect Donald Trump spoke in support of $10-an-hour minimum wage on the campaign trail, but said that states should take the lead. That means the trend of state and local governments taking matters into their own hands on the minimum wage is set to continue in 2017.

Fall of the Berlin Wall
Fall of the Berlin Wall
The financial lessons of Germany's reunification 30 years ago.  
Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.
How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.