8 States To Raise The Minimum Wage

Minimum wage is always a little 'better.

Or at least eight states have announced plans to increase the state minimum wage. The states are Colorado, Montana, Ohio, Oregon, Washington, Arizona, Florida and Vermont. The first five have already announced the details of the minimum wage increase, while three will do the same in the coming weeks

The tour is the highest in the State of Washington, which sees an increase of $ 0.37 following a minimum wage of $ 9.04. According to CNN Money, the changes to comply with laws that require States to keep pace with inflation. Lower than the five states that have announced their plans, the federal minimum wage is as it has since 2009 to $ 7.25, equivalent to $ 15 000 per year for a full-time employee. This corresponds to a figure lower than the poverty line.

As Huffington Post reports that Washington is a bump makes it the first country to peg the minimum wage over $ 9. To rise to $ 9.04 a year, leading to an extra $ 770 a year of full-time minimum wage worker. Speaking on the HuffPost, analysts credited the Washington minimum wage price index PEG 1998 National Initiative for consumption. The idea is that variations in the amount of wages to inflation.

"At least these low-wage workers maintain their purchasing power to buy things and go," said Jeff Johnson, president of the State of Washington job, an affiliation of unions and labor groups, who wrote the initiative in Washington. "The money will go directly to the economy," said HuffPost.

But the model can have unintended consequences, according to a report in the Daily Telegraph. Studies of recent minimum wage hikes in the UK, the Telegraph cites the work for little pay, the Commission stressed the negative impact of youth. The results should be applied in general and not only at work in British industry.

"We do not know what the effect of minimum wages is isolated from the recession effect," Tim Butcher, chief economist told the Telegraph. "We know recessions affect young people and employers operate first in, first out and looking for people with experience."

The report was published in the UK is preparing to wage increases. Effective this past weekend, the minimum wage from 18 to 20 years is now £ 4.98, £ 4.92 above. From 16 to 17 years, the new rate is £ 3.68, £ 3.64 cons.

Official statistics show that about 1 million of the 2.5 million people officially unemployed in the UK are between the ages of 16 and 24.

The Commission stated its intention to take a closer link between the policy of minimum wage and youth unemployment.

According to the National Employment Law Project, has announced that the U.S. wage and salary increases are as follows:

1. Colorado: $ 0.30 + $ 7.64

Second Montana: + $ 0.28 to $ 7.65

3. Ohio: + $ 0.30 to $ 7.70

Fourth Oregon: + $ 0.30 to $ 8.80

5th Washington, + $ 0.37 to $ 9.04

8 countries at the highest minimum wage

by 24 / 7 Wall St.

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