Nearly 10 million workers got a wage increase that came into effect with the start of the new year. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases, according to the Economic Policy Institute.
Sinclair Broadcast Group
January 5, 2024
The increases will bump wages for about 9.9 million workers, according to an analysis from the Economic Policy Institute (EPI), a Washington-based think tank.
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Even workers in the lower-paid retail industry have seen steadily increasing wages. The average retail wage was $23.86 per hour in November, according to BLS data.
Still, raising the minimum wage can help lock in some of those recent gains for workers across industries, said EPI senior economist Elise Gould.
“It creates a floor that wages can’t fall below,” even if the economy gets weaker in the future, she said.
The Washington Post
January 5, 2024
Six of those states—California, Connecticut, Maryland, New Jersey, New York, and Washington—now have a minimum wage that reaches or surpasses $15. The increases should disproportionately benefit Black, Hispanic, and female workers who make up more than half of the workers receiving pay bumps, according to an analysis from the Economic Policy Institute.
Mother Jones
January 5, 2024
More than 20 states rang in the New Year by raising the minimum wage. The highest minimum wages are in the $16 to $17 range.
“And, according to our analysis, that is going to increase wages for almost 10 million workers,” said Sebastian Martinez Hickey, who tracks the minimum wage at the Economic Policy Institute.
He says more than half the workers getting a minimum wage hike are women. About 11% are Black, and more than a third are Hispanic.
Marketplace
January 5, 2024
The Economic Policy Institute, a progressive think tank, says Michigan is one of 22 states boosting its minimum wage in 2024. The EPI also says mandatory minimum wage increases will not affect most workers because employers are paying more than that in a tight labor market.
WGVU (Michigan)
January 5, 2024
According to the Economic Policy Institute, about 6 in 10 workers who will benefit from higher mandated pay are women.
CBS Minnesota
January 5, 2024
The change will directly increase the pay of an estimated 150,700 Ohioans who currently receive less than $10.45 per hour, according to the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
Tribune News Service
January 5, 2024
On Jan. 1, 22 states will bump up their minimum wage, according to a report from the Washington, D.C. think tank Economic Policy Institute (EPI). The increases come by way of ballot measure, legislation and inflation adjustment measures, and are expected to add anywhere from $216 to $1,380 to the annual earnings of almost 10 million workers.
Money Magazine
January 5, 2024
Business Insider
January 5, 2024
Almost half of the 17.6 million people making less than $15 an hour live in those 20 states, according to the Economic Policy Institute.
Newser
January 5, 2024