: These 3 states and 3 cities will increase their minimum wage on July 1. Do you live in one of them?

by | Jul 2, 2022 | Stock Market

Starting July 1, workers in several states will be entitled to a higher minimum wage. Thanks to a law enacted three years ago, Connecticut residents who currently make $13 an hour will get a raise to $14. Meanwhile, non-tipped workers in In Washington, D.C., will start making an hourly wage of $16.10. Oregon workers will also start to earn a minimum wage of $13.50, though, due to a tiered-wage system, rural residents will earn a dollar less and Portland metro residents will earn $1.25 over the standard wage. And in Nevada, wages will jump to $10.50 for workers without health benefits and $9.50 for workers with benefits.

It’s a move some advocates and businesses are celebrating. “With the federal minimum wage stuck at an abysmal $7.25 an hour, state increases are essential for workers, businesses and the economy,” Holly Sklar, the CEO of Business for a Fair Minimum Wage, a national network of business owners and executives advocating for pay increases for wage workers, said in a statement. “Minimum-wage increases make it more possible for workers to afford the basics and strengthen the consumer spending that businesses depend on.” Business owners from across the country joined the statement in support, including Constance Palaia, the owner of Motel Del Rogue in Grants Pass, Ore.

“‘With the federal minimum wage stuck at an abysmal $7.25 an hour, state increases are essential for workers, businesses and the economy.’”

— Holly Sklar, the CEO of Business for a Fair Minimum Wage

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