Minimum Wage Increases Today

Adjust Comment Print

Michigan's minimum wage is set to rise on New Year's Day.

Under a state constitutional amendment passed by voters in 2004, the Florida Department of Economic Opportunity adjusts the wage each year based on changes in a federal consumer price index.

Workers employed by big businesses (those with at least 11 employees), will receive a $13 per hour minimum wage, an increase from their $11 wage.

The new state minimum wage will rise to $8.30 an hour.

More news: Lindy Lou Layman's Inartful $300K First Date With Texas Lawyer

The second in a series of statewide minimum wage increases begins today. Fast-food employees in the rest of the state will get a $1 raise, from $10.75 to $11.75 an hour. Employees seem to feel that it does not matter, if you switch jobs or not when getting paid so little. And that is the same rate for smaller companies with annual gross receipts of $305,000 or less per year, after January 1, 2018. Cathy Young, R-Olean, and Goodell for making sure the increase to $15 is phased in over the next few years.

Additionally, it's important to note that increased wages may lead to a stronger economy. When the wages increase, it makes it "cost effective" for employers to look for alternatives like self-check outs and other automated systems.

However, the minimum wage increases only apply to restaurants that are part of a chain of 30 or more locations nationwide.

Along with a new policy implementing paid family leave that begins Monday, Cuomo said the initiatives "continue to protect the wallets of middle class New Yorkers". "Additionally, more costs and regulations make NY less competitive with other regions in terms of economic growth".

Comments