For Americans making minimum wage, it’s an automatic raise — but it also ripples out. Typically, increasing the wage floor for the lowest earners pushes up pay for those who make a bit more than the minimum, as employers have to adjust pay scales upwards.
More states are requiring a $15 an hour minimum wage — including New York, Maryland, and New Mexico — a dozen years after Fight for $15 kicked off its campaign.
Thanks to inflation, the dollar amount doesn’t quite mean what it used to.
In 13 states wages are going up because they’re indexed to inflation, including California, Ohio and South Dakota.
Three more states and Washington, D.C., are set to raise the wage later in the year.
The last time the federal minimum wage ($7.25) was increased in 2009.
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