More than Half of U S. States to Institute a Minimum Wage Increase in 2022
In cases like these, the law favors the rate most beneficial to the employee — in other words, the highest minimum wage. As 2024 unfolds, changes to the business climate are already underway as nearly half of the US adjusts to minimum wage increases. Twenty-two states have already implemented new minimum wage standards, while three other states are set to follow suit later this year. Workers minimum wages whose wages would be between the previously applicable minimum (state or federal) and the proposed minimum if the federal minimum wage remained unchanged. Under any of the policy options, such workers would either become jobless or see increases in their earnings in an average week. The table below lists the current prevailing 2024 minimum wage rates for every state in the United…