What you should know about NY minimum wage increase on December 31

What you should know about NY minimum wage increase on December 31

Policy Matters Ohio, a liberal think tank based in Cleveland, calculates that the new minimum wage will be worth about 72 percent of what the federal minimum wage was worth in 1968.

The new year means an increase to Missouri's minimum wage, but not all business owners are on board. At Granny Shaffer's restaurant in Joplin, Missouri, owner Mike Wiggins is reprinting the menus to reflect the 5, 10 or 20 cents added to each item.

The federal minimum wage was last raised in 2009.

It is a good start to the New Year for South Dakotans who work for minimum wage.

Eight states - Arizona, California, Colorado, Maine, Massachusetts, Missouri, New York, and Washington State- are phasing in increases that will eventually put their minimum wages at $12 to $15 an hour, according to the National Employment Law Project (NELP), a nonprofit that advocates for higher minimum wages. Of course, a higher minimum wage that gives workers the same income as before but with fewer hours is still a benefit, allowing them to save on things like child care and take-out meals, and providing better work-life balance in general.

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For some NY workers, the final phase of the state's minimum wage increase will take effect on Monday, Dec. 31. The reason: Missouri's minimum wage is rising.

Workers at small businesses in NY will receive $1.50 an hour minimum wage hike, from $12 to $13.50.

The popularity of minimum wage increases with voters has sometimes led to battles between voters and legislatures, as well as between states and smaller communities within them.

"Fifteen dollars an hour has become the new minimum wage, meaning that that's to afford the basics", he said. That gain generally went to those who already had been working more hours while those who had been working less saw no significant change in their overall earnings. This brings to 29 the number of states with higher minimum wages than the federal level. Some have repeatedly raised their rates. Numerous states that voted to increase their minimums have also previously passed laws forbidding cities from setting their local wages higher.

The new state minimum wage laws could affect about 5.3 million workers who are now earning less than the new standards, according to the liberal-leaning Economic Policy Institute, based in Washington, D.C. That equates to nearly 8 percent of the workforce in those 20 states but doesn't account for additional minimum wage increases in some cities.

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