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2024 Minimum Wage Hikes in 25 States
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25 states and the District of Columbia are set to raise the minimum wage in 2024, with California, New York, and Washington state aiming for a minimum wage of at least $16 an hour. Nevada and Oregon will start the new rates on July 1, while Florida's minimum wage will increase on September 30. Seven states will have a minimum wage above $15 an hour in 2024.
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How might the minimum wage hikes impact the overall economy and job market?
What are the potential implications of these wage increases on income inequality and poverty rates?
What strategies can businesses employ to adjust to the rising minimum wage?
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