Maryland is one of six states that passed laws to raise the minimum wage to $15 an hour over time: California, Illinois, Massachusetts, New Jersey and New York are the others, according to the Economic Policy Institute. The D.C. minimum wage will rise to $15 this July.
Patch
January 8, 2020
Missouri isn’t the only state raising their minimum wage when the clock strikes midnight January 1st. According to Working Economics, minimum wages are set to go up in 22 states, lifting pay for nearly seven million workers. It’s estimated that those making minimum wage will earn an additional $8.2 billion combined in 2020. Annual pay will go up between $150 and $1700 on average. Missouri’s minimum wage will go up by 85-cents, from $8.60 an hour to $9.45. The full report can be found at the Economic Policy Institute by clicking here.
KRMS
January 8, 2020
In the past week, minimum wages have risen in more than 20 states. Many of them are the result of increases that have been implemented in phases over the past few years, or indexed to inflation. Nearly 7 million workers began 2020 with higher wages, according to the Economic Policy Institute, a left-leaning think tank. This week, New Mexico’s wage floor rose from $7.50 an hour to $9, and Washington state’s rose from $12 to $13.50.
The Washington Post
January 8, 2020
In 2020, even more wage increases are slated to go into effect. Nearly 7 million workers will be getting a pay raise starting Jan. 1, thanks to new minimum wage hikes going into effect, according to the Economic Policy Institute.
CNBC
January 8, 2020
The record number of pay hikes will benefit about 6.8 million workers, according to an analysis from the left-leaning Economic Policy Institute. EPI estimates the range of pay gains starting at $150 and as high as $1,700 for full-time, year-round workers, depending on the wage hikes in their regions.
CBS News
January 8, 2020
The value of the federal minimum wage has steadily declined since it was raised that year. And that value, adjusted for inflation, is sharply down from its peak in 1968, when workers earned the equivalent of $10.15 an hour in 2018 dollars, according to the left-leaning Economic Policy Institute (EPI).
Newsweek
January 8, 2020
Another CBO study from 2014 showed that a $10.10 federal minimum wage would cause businesses to spend $15 billion more in salaries, but this would be only .003 percent of the wages they paid in 2012. That same raise, according to the Economic Policy Institute, would “reduce government expenditures on current income-support programs by at least $7.6 billion.”
Moscow-Pullman Daily News
January 8, 2020
But the most striking development is the growth in the number of jurisdictions headed to a $15 pay floor. A couple of years ago, it was just California and New York. Now, Illinois, Maryland, Massachusetts, New Jersey and Connecticut are also on their way to $15. Nearly a third of the U.S. workforce lives in states climbing to $15 over the next few years, says David Cooper, senior economic analyst for the left-leaning Economic Policy Institute.
USA Today
January 8, 2020
As of Jan. 1, Arizona’s minimum wage will tie the state with Colorado and Maine at $12 an hour, according to a scorecard compiled by the Economic Policy Institute. The District of Columbia has the highest minimum at $14 an hour, followed by Washington, California and Massachusetts.
Arizona Central
January 8, 2020
Finally, a number of states, cities, and counties are increasing their minimum wage, most of which went into effect on Jan. 1. Notably, over 20 states will boost their minimum wage, a move that the Economic Policy Institute estimates will benefit almost seven million workers.
Mashable
January 8, 2020