this post was submitted on 26 Dec 2023
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Minimum-wage workers in 22 states are going to see more money in their paychecks in the new year.

Those increases will affect an estimated 9.9 million workers, according to the Economic Policy Institute (EPI), which estimates that those bumped wages will add up to an additional $6.95 billion in pay.

In addition to those 22 states, 38 cities and counties will also increase their minimum wages above state minimums on Jan. 1.

According to the Department of Labor, 20 states will maintain the federal minimum wage of $7.25 an hour.

And according to EPI, of the 17.6 million workers earning less than $15 an hour, nearly half live in those 20 states that continue to stick to the federal minimum wage — which has not changed since 2009.

The cost of living, however, has skyrocketed.

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[–] FlashMobOfOne@lemmy.world 49 points 8 months ago (1 children)

That it isn't all 50 states is the real headline, if you ask me.

There are still over 20 states where it's legal to pay you less than the cost of a cup of coffee.

[–] Alto@kbin.social 5 points 8 months ago* (last edited 8 months ago) (2 children)

Fully agree with the sentiment

The fuck kind of coffee you buying haha. Even the real fancy places round here are still maybe 4 bucks for a large coffee unless you're basically making it a glorified milkshake.

E: sp, don't write things 3 minutes after waking up kids

[–] surewhynotlem@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

"coffee" - double mocha latte extra shot three pumps of whatever

They must mean a fancy morning milkshake

[–] frickineh@lemmy.world 2 points 8 months ago

I got a grande soy chai, which isn't even fancy other than switching to a non-dairy milk, at Starbucks the other day and it was like $6.50. Fuckin highway robbery.

[–] Meltrax@lemmy.world 38 points 8 months ago (1 children)

40hr/week all year is $15,059.20 at a wage of $7.25/hr, by the way.

[–] Potatos_are_not_friends@lemmy.world 28 points 8 months ago (1 children)

Really important to always do this math.

Because minwage is so far below even basic living.

[–] Prethoryn@lemmy.world 7 points 8 months ago (1 children)

I don't know why but I read, "really important to always do this METH." and I was like, "well if you are only making 15,000+ a year then I wouldn't blame them."

[–] vaultdweller013@sh.itjust.works 2 points 8 months ago

And now youve come apon why impoverished rural areas are meth hotspots.

[–] magnetosphere@kbin.social 18 points 8 months ago* (last edited 8 months ago) (1 children)

The federal minimum wage is a joke. Tie it to the cost of living or something so it stays up-to-date automatically, and politicians can’t use it as a bargaining chip.

[–] SuiXi3D@kbin.social 9 points 8 months ago (1 children)

It should be tied to local areas. Someone living in the middle of nowhere doesn’t need nearly as much money as someone living in the middle of a city. Tie minimum wage to local inflation, maybe on a county level.

[–] magnetosphere@kbin.social 4 points 8 months ago

You’re entirely correct. My only concern is that tying the federal minimum wage to a less important standard might encourage employers to manipulate that standard in order to keep wages down. Something like the Cost of Living Index (CLI) is major, and really hard to mess with, especially without having many complex consequences. In my eyes, that gives it some built in security. Plus, existing minimum wage laws (whether they’re state or federal) don’t take location into account.

Still, though, I’m not very knowledgeable about economics, and you raise an important point.

[–] asteriskeverything@lemmy.world 15 points 8 months ago

What the FUCK is the federal minimum wage still doing at 7.25/hr? It hasn't been raised since 2009?!!

High school students today LITERALLY have the same federal minimum wage as when they were born.

[–] LarryTheMatador@sh.itjust.works 6 points 8 months ago* (last edited 8 months ago)

Wanna bet that the states not raising minimum wage map perfectly matches the highest obesity, teen pregnancy, std, poverty, religiosity, diabetes, birth defects, meth arrests, coal rolling, cowboy hat sales maps?

[–] Peppycito@sh.itjust.works 4 points 8 months ago (2 children)

Did I miss something, or does the article not say what the increase is?

[–] QuarterSwede@lemmy.world 15 points 8 months ago

Doesn’t look like they state the current or what it’s going to. Wild. Journalism has really gone down the shitter.

[–] catchy_name@feddit.it 12 points 8 months ago (1 children)

Each state is different. Per this article, NE is going up by $1.50/hr to $12 this year with more raises following each year for a few more.

[–] Peppycito@sh.itjust.works 1 points 8 months ago

I wondered if that was the case. They might have mentioned that in the article.

[–] FlyingSquid@lemmy.world 3 points 8 months ago

*Cries in Hoosier*

[–] RickyRigatoni@lemmy.ml 2 points 8 months ago

Wasn't it 25 earlier this week?

[–] xc2215x@lemmy.world 2 points 8 months ago

That is awesome to see. Wow.

[–] BossDj@lemm.ee 1 points 8 months ago

nearly half live in those 20 states that continue to stick to the federal minimum wage

So less than half the people live in less than half of the states? This seems pretty proportional. Especially considering that more people in general live in $15+ minimum cities.

Am I reading that statistic wrong?

Also with this inflation, all I'm seeing is a greater need to tie a company's top earner pay to bottom earner pay, or to company stock success or profitability or something.