Minimum Wage Gets Boosted This Week in 21 States
Good news on the wage front!
The minimum wage will get a boost in 21 states in the new year. According to the Economic Policy Institute, this will impact approximately 2.4 million workers by up to one dollar to an average of $8 and a high of $9.15.
Per a piece on USA Today, the increase will help the economy overall since lower wage workers tend to spend most of their paychecks.
David Cooper, senior economic analyst at EPI, told the newspaper:
“It’s not going to bring them a life of luxury, but it’s a substantial amount of money for somebody struggling to get by.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in