On April 1, 2023, the federal minimum wage increased from $15.55 to $16.65 per hour, aligning with the rate of inflation. Canada’s minimum wage predominantly aligns with rates set by individual provinces and territories. It’s important to note that the newly established federal minimum wage ...
INFLATION SOARS 8.3% IN APRIL, HOVERING NEAR 40-YEAR HIGH California lawmakers voted to increase the minimum wage to $15 per hour in 2016, but the increase was phased in over several years. The minimum wage is currently $15 per hour for companies with 25 or more workers and $14 per hou...
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 Decemb...
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. "The opposition argues that increasing the minimum wage would drive prices up," Pomona College politics professor S...
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 article announces that the provincial minimum wage in Canada has increased to $8.00 per hour, to take effect in February 1, 2007. According to Canadian Labor Minister Steve Peters, the increase in other minimum wage rates, including those students who are below 18 years old and liquor/...
DOES notes that the minimum wage will increase each year in proportion to the increase in the Consumer Price Index—which increased by 2.8% in 2023. Minimum Wage Increase for Tipped Employees Additionally, beginning July 1, 2024, the base minimum wage for tipped employees will increase...
Opponents argue that minimum-wage laws hurt small businesses that are unable to absorb the costs of higher payrolls, increase unemployment by forcing employers to cut back on hiring, decrease education by encouraging citizens to enter the workforce, and result in outsourcing and inflation as ...
This year, the Department of Finance calculated that the Consumer Price Index for Urban Wage Earners and Clerical Workers increased by over 6% from July 1, 2022, to June 30, 2023, as compared to the previous 12-month period. Thus, the agency determined that a minimum wage increase of ...
Somecities and countieshave also established minimum wages. In 2023, Chicago's minimum wage is $15.80 for employers with 21 or more workers. It will increase again on July 1, 2024. This is compared with $14 for the state of Illinois. Florida residents voted in Nov. 2020 to increase the...