Monday, December 30, 2019

Dumb Economic Policy: 26 States and the District of Columbia Will Raise the Minimum Wage in 2020

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Come the new year, California is going to raise minimum wage rates by $1 on January 1 ($12.00 per hour for employers with 25 employees or less, and $13.00 per hour for employers with 26 employees or more), while the highest state rate will remain in Washington at $13.50 per hour.

 At the municipal level, Seattle has the highest minimum wage rate at $16.00 per hour for large employers and $15.00 for small employers. New York City's minimum wage is set at $15.00 per hour for all employers.

Wolters Kluwer Legal & Regulatory U.S. summarizes the states that will be impacted in 2020:




I have discussed the confusion about so-called "benefits" of the minimum wage here:



-RW



1 comment:

  1. While I love Alaska, like most places, or all places, the voters are idiots. In 2014 there was a statewide ballot initiative where Alaskans voted to set the minimum wage here to adjust annually to inflation. It’s idiotic. The unions here, especially the public unions, campaigned for it really hard. Every idiot fell for the lie about how people were being paid below a wage they could live in this expensive State. The reality is, Walmart starts their employees at a minimum of $11 an hour, and even McDonalds starts their employees at $10-14 an hour. I don’t have any positions that anyone would even work minimum wage for. Adjusting for inflation Alaska is moving from $9 to $10 something an hour. It’s amazing that people are allowed to vote for what they will force an employer to pay an employee.

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