Economics

477 readers

8 users here now

founded 2 years ago

21 states are getting minimum wage bumps in 2025 (www.npr.org)

submitted 5 days ago by MicroWave@lemm.ee to c/economics@lemmy.world

2 comments fedilink hide all child comments

Summary

Minimum wage increases in 21 states and 48 localities starting January 2025 will benefit 9.2 million workers, adding $5.7 billion in wages, according to the Economic Policy Institute (EPI).

States like California are adjusting for inflation, while others, such as Nebraska and Montana, implemented voter-approved hikes. Women, Black, and Hispanic workers will see the most impact.

Despite the raises, many wages still lag behind rising costs of living, with EPI citing a "true living wage" as $20–$26/hour.

Meanwhile, the federal minimum wage remains unchanged at $7.25 since 2009.

you are viewing a single comment's thread
view the rest of the comments

[–] MutilationWave@lemmy.world 3 points 4 days ago

As someone who started working for $5.15 twenty five years ago, $15 is too fucking low.