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Michael Reich - 2 it's - 1 Yannet Lathrop - 1 California's - 1 It's - 1 Jacob Vigdor - 1 Vigdor - 1 Justin Wiltshire - 1
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Search resuls for: "Yannet Lathrop"


4 mentions found


☆ Golden Opportunity to Boost Job, Labor Market: Raise the Minimum Wage
  + stars: | 2024-08-08 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +11 min
The federal minimum wage, which has been stuck at $7.25 an hour for 15 years. Given the situation, here's an idea: Why not raise the federal minimum wage right now? Getting anything done legislatively is always a challenge, especially in an election year, but polls indicate a higher minimum wage is broadly popular. AdvertisementOnce the minimum wage gets so high that it starts to cause a bunch of job loss, that's a problem. If a higher minimum wage lifts millions of people out of poverty, that's incredible.
Persons: it's, Yannet Lathrop, California's, It's, Jacob Vigdor, Vigdor, Justin Wiltshire, Michael Reich, David Neumark, shouldn't, we've, they've, Emily Stewart Organizations: Bureau of Labor Statistics, National Employment, New York Times, Congressional, University of Washington, University of Victoria, UC Berkeley's Center, Dynamics, University of California, Business Locations: Nebraska, Florida, Washington ,, Washington, West, Wisconsin, Iowa, Mississippi, South Carolina, Seattle, California, British Columbia, New York, Irvine, America, Wiltshire
☆ The US minimum wage has been $7.25 since 2009. What that means for the economy
  + stars: | 2023-11-11 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +7 min
Efforts to raise federal minimum pay have fallen flatHowever, despite numerous efforts, raising the federal minimum wage above $7.25 an hour has been unsuccessful. Lagging the rising cost of livingIn many ways, the federal minimum wage seems like a relic of the past. Recent wage gains could be lostThe actual economic impact of a federal minimum wage increase is heavily debated. “The new conventional wisdom is that at least a moderate minimum wage increase has minimal effects on employment,” Reich told CNN. “But this new paper says that a really big minimum wage increase actually increases employment.”
Persons: Ken Rose, he’s, ” Rose, Sandy, ”, Michael Reich, Biden’s, ” Yannet Lathrop, Lathrop, Alex Wong, hasn’t, Rose, “, ” Ken Rose, Ken Rose Joe Bishop, ” Bishop, Reich, ” Reich Organizations: Los Angeles CNN, Tiburon Fine, CNN, Bureau of Labor Statistics, Economic, Institute, Dynamics, University of California, Democrats, National Employment, U.S, Capitol, United Auto Workers, United, Walmart, Costco, Starbucks, Tiburon, Congressional Locations: Sandy , Utah, American, Berkeley, Washington ,, United States, Amazon, Utah, Louisville , Kentucky, Louisville, Jefferson County , Kentucky
☆ Over 8 million workers just got a raise. This map shows the states that raised their minimum wages.
  + stars: | 2023-01-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +6 min
Georgia and Wyoming have state minimum wages below the federal minimum wage. If the federal minimum wage was higher than the state's minimum wage, we noted the federal amount as the last minimum wage paid to employees in the state. The following map shows what year the minimum wage increased and the current minimum wage in every state:Over half the states have minimum wages above the federal minimum wage of $7.25. California, which has been raising its minimum wage annually over the past few years, saw its minimum wage increase to $15.50 on January 1, 2023. The effects of a minimum wage increaseSome economists and critics of a minimum wage increase argue that a raise would negatively impact employment, but that may not be the case.
☆ A 10-year fight to raise the minimum wage has slashed the Black-White wealth gap in half in some states. The South still has a long way to go.
  + stars: | 2022-11-29 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +4 min
The federal minimum wage has been stuck at $7.25 for 13 years, despite attempts to raise it. The National Employment Law Project analyzed the impact of local hikes to the minimum wage since 2012. That year marked the first action by Fight for 15, a worker movement calling for a $15 minimum wage. But those disparities among workers in states with a higher minimum wage versus those in states still adhering to the federal minimum wage means that workers in the South are left behind, according to Lathrop. In Washington, DC the minimum wage is $16.10 an hour, but five states — Alabama, Louisiana, Mississippi, South Carolina and Tennessee — have no minimum wage, defaulting to the federal minimum.
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