New York’s Minimum Wage Hits $15 On New Year’s Eve

Millions of US workers to see higher pay from minimum-wage hikes in 2019

New York’s Minimum Wage Hits $15 On New Year’s Eve

If you're an employer with minimum-wage employees, you may have to pay them more starting this week.

That is $1,000 more than what workers earning the new minimum wage will take home now.

Delaware's minimum wage is also going up by 50 cents to $8.75 an hour. Hanson says they are proud to see their staff do well and says he believes the changes will benefit the local economy.

The wage hikes range from an extra nickel per hour in Alaska to $1-an-hour in Maine, Massachusetts and California for companies with more than 25 employees. While few have reached that threshold, several state legislatures and city councils have raised wages through phased-in laws, ballot initiatives and by adjusting for inflation.

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Florida voters in 2004 approved a constitutional amendment establishing a state minimum wage that is higher than the federal minimum wage. The minimum wage for tipped employees increased to $5.39 from $5.25.

New minimum wage requirements will take effect in 20 states and almost two dozen cities around the start of the new year, affecting millions of workers.

The federal minimum wage was last raised in 2009. In Georgia and Wyoming, the minimum wage is lower than the federal level at $5.15 an hour, and five states do not require a minimum wage by law, according to the Department of Labor. "The minimum wage is such a simple, straightforward way to improve wages for people". Workers in Birmingham, Alabama's largest city, have been fighting the state in court since 2016 over whether the city has the right to raise its wages. "Those with children and in expensive states need even more". In Michigan, legislators this year passed a wage increase before it was slated to go on the ballot in November, then, after the election, passed laws reducing the wage increases. "There's no big pot of money out there to get the money out of" for the required pay raises, Wiggins said. In 2020, it will increase again to $15 per hour.

Up until a few decades ago, many economists anxious that raising the minimum wage would lead to employers hiring fewer workers. It's the first of three raises over the next three years.

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