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...
2022, to June 30, 2023, as compared to the previous 12-month period. Thus, the agency determined that a minimum wage increase of 3.5% must be implemented.
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...
Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.
In the new year, 27 states will see an increase in their minimum wage. Most will take effect on January 1, but others will have to wait further into 2023. Washington has the highest minimum wage rate of any state, at $15.74, which is up from the $14.49 threshold it set in 2022....
Mexico continues to follow a pattern of inflation-busting daily minimum wage rises with an increase of 20% for 2023—to $207.44 pesos per work day
25 states across the country will be raising the minimum wage in 2020. Find out which states are getting an increase.
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...
For example, Washington, D.C. steadily raises its minimum wage incrementally each year, setting the rate at $17 per hour effective July 1, 2023. On July 1, 2024, it will increase to $17.50. Other states that have a minimum wage of $15 or higher include California ($16), Connecticut ...
Proponents argue that an increase would help make the minimum wage aliving wage—that is, it would be enough for workers to have a satisfactorystandard of living. They also claim that a raise would boost worker productivity, reduce income inequality, spur economic growth, and improve employee re...