The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74.
The state with the biggest jump in its minimum wage this year will be Hawaii, which is hiking it by $2.
The push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power.
But advocates for a higher minimum wage, including Holly Sklar, CEO of Business for a Fair Minimum Wage, would rather see it adjusted for inflation from where it was in 1968.
“People replace tires they couldn’t replace or get their kids clothes.”For businesses, she said, consumer spending goes up because minimum wage workers will spend their additional earnings quickly.
Persons:
Jana Bjorklund, won’t, Holly Sklar, Sklar, …, ” Sklar
Organizations:
New York CNN, District, Columbia, New York State, Seattle, Uber, Business, “, Washington, of Columbia
Locations:
New York, Maryland , New Jersey, New, New York City, Westchester, Long, Washington, California, Hawaii, Nevada, Oregon, Cities, Tukwila , Washington, Seattle, GovDocs, Flagstaff , Arizona, View , California, Denver , Colorado, Portland , Maine, Pennsylvania, New Hampshire , Alabama, Mississippi, Pike County, Alaska, Arizona, Colorado, Connecticut, Delaware, Florida, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, York, Ohio, Rhode, Dakota, Vermont