20 States Increase their Minimum Wage
17 million people will get raises thanks to the increases
Over 17 million people will be ringing in the new year with a pay raise. Thanks to legislation, ballot measures and inflation rates will be increased in 2019. As of January 1st, at least nineteen states and the District of Columbia will be receiving a higher minimum wage increase according to the National Employment Law Project and Michigan increasing their minimum wage in April 2019.
The minimum wage increases will spike from $0.05 to $2.00 which is a big change for many working class people. According to the Economic Policy Institute, these increases should result in between $90 and $1,300 more per year in their paychecks. In many states, the minimum wage has now passed the federal level and a few states have planned raises that will bring it to $15.00 an hour within the next few years.
These wage increases have been pushed by unions and liberal advocacy groups nationwide and come from years of hard work by people who can’t pay their bills due to their low wages. Many workers need a higher wage to be able to meet there regular needs for life. A higher wage income means you are able to spend more money and as a result, the economy will grow. The Federal minimum wage has been set at $7.25 an hour since 2009.
Many states such as New York, California, Massachusetts, Rhode Island will see a bump in their paychecks due to previously passed laws. In New York City employees at large businesses will get a raise to $15, while smaller businesses have to pay $13.50. Other parts of the state will see increases to $11.10 or $12.00.The $15 in New York City will be the highest increase in 2019, while a $12 wage in California and Massachuttes will be the highest in the nation. In Arizona, Arkansas, Colorado, Maine, Missouri and Washington, voters approved a minimum wage increase through ballot measures. Eight other states -- New Jersey, Ohio, South Dakota, Vermont, Alaska, Florida, Minnesota, and Montana will have their minimum wages increase thanks to laws that adjust the wage to inflation.