A new patchwork of minimum wage rules means new challenges for business
Share Now on:
As of today, 18 states and 20 cities have new higher minimum wage requirements. The changes affect roughly 4.5 million workers. The wage hikes run across the country, from Maine to California. Then you have cities doing their own thing, setting a higher local minimum wage than the state overall. That’s happening in Minneapolis, Tacoma, Flagstaff, Palo Alto, Albuquerque – the list goes on.
All this state and local wage-hiking by legislation and ballot initiative is happening at least in part because the federal minimum has been stuck at $7.25-an-hour since 2009. And with Republicans in charge of Congress, there’s scant chance of it going up anytime soon.
Click the audio player above for the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.