Nearly 7 million Americans are starting 2020 with a pay raise

Nearly 7 million Americans are starting 2020 with a pay raise
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Starting on Wednesday, there will be 47 new wage increases hitting workers in cities, counties and states across the country, according to the National Employment Law Project. That means about 6.8 million Americans will start the year with higher wages, progressive think tank the Economic Policy Institute estimates.

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 Fight for $15, a campaign to raise wages for fast food workers, first launched in New York City in 2012.

 

Source: CNBC

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