Nearly 7 million Americans are starting 2020 with a pay raise (via CNBCMakeIt)
On average, those working in jurisdictions with minimum wage hikes will see their annual earnings increase by $150 to $1,700, the EPI reports. The wage increases range from a 10 cent inflation adjustment in Florida to $1.50 per hour raises in states such as New Mexico and Washington. About 17 planned wage hikes promise to pay workers at least $15 per hour, many exceeding that threshold, the liberal-leaning nonprofit NELP finds.
More jurisdictions are raising their minimum wage at the start of the year than ever before, NELP says, giving much of the credit for the increases to, a campaign to raise wages for fast food workers, first launched in New York City in 2012. "It shows the incredible momentum that the Fight for $15 movement has built up," Yannet Lathrop, policy analyst with NELP and the report's author, said in a statement. "Local communities all around the country strongly support raising the minimum wage, because people see their friends, neighbors or themselves working hard but not getting ahead."
Following the increases on New Year's Day, four states and 23 cities and counties have planned additional minimum wage increases that will kick in later in 2020. Of those, 15 more jurisdictions will see hikes going up to $15 or more per hour.
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