On October 30, 2023, the National Salary Council approved the minimum wage increase for the private sector for 2024. It was agreed to increase wages by 1.83%. The above was formalized by Executive Decree No. 44293-MTSS of November 9, 2023, published in the newspaper La Gaceta on Decembe...
Theminimum wageinCaliforniais set to increase on January 1, 2023. The state-wideCaliforniaminimum wage will rise to $15.50 per hour for all employer sizes. Currently, in 2022, the minimum wage inCaliforniais $14 an hour for employers with 25 or fewer employees and $15 an hour for employer...
The last federal minimum wage increase was in April 2022. This change comes as provinces and territories make moves to boost workers' paycheques. Here's a rundown on which spots in Canadawill and won't be raising the minimum wagein 2023. For more information on the federal minimum wage i...
Mexico’s general daily minimum wage (Salario Minimo) rose on January 1, 2023 to$207.44 pesos per work day, a 20% increase on the 2022 level of $172.87. The rate for 2023 along the ‘Northern Border Zone’ was increased to$312.41 pesos per work day—a rise of 20% on the 2022 rate...
What is affected by the minimum wage increase? As the minimum wage rises, minimum standards for other employee benefits, such as overtime pay, other allowances, and subsidies, increase in kind. Housing fund The minimum contribution base of the housing fund in many cities is the same as the...
Businesses would have until Jan. 1, 2026, to increase pay to at least $18 an hour. In 2023, California Gov. Gavin Newsom signed a new law that mandated a minimum wage increase to $20 an hour for the state's 553,000 fast-food workers, beginning inApril 2024. ...
Florida’s incremental minimum wage increase will take effect at the end of September. Below is an interactive map that shows where minimum wages will — and won’t — be changing in 2023: Despite more than half of the U.S. preparing for a minimum wage hike in the new year, the mini...
Automotive industry employers should take note that on January 1, 2023 several state and local minimum wages (as well as exempt employee thresholds) increase.
As of december 28, 2024, our prediction for the hourly wage on October 1, 2025 is $17.65 (an increase of $0.45) which corresponds to the inflation rate from 2023 to 2024 (2.61% year-over-year) similar to the increase for 2024, rounded to the nearest $0.05. ...
Dec 30, 2023 02:00 Several states increase minimum wage in 2024 Millions of Americans ringing in the New Year with a raise as a near-record number of states increase their minimum wage. California is leading the way after Gov. Gavin Newsom signed legislation to boost pay for fast food and...