The minimum wage in the United States is $7.25. In comparison, Oregon, Washington and California all have wages that eclipse $15: Oregon at $15.40, Washington at $16.28 and California at roughly $16. Starting on April 1, California will implement a new bill raising the minimum wage for fast food wo...
Oregons raise is because of a bill passed several years ago (eventually) tying the minimum wage to CPI with adjustments based on area. It went up by set amounts yearly. 2023 was the first year that was outside those set amounts and actually uses CPI.
Is it possible that minimum wage could go down in this system? I love that it's tied to a metric taking all of the politics and guess work out of any increases.
It applies to only certain jobs. There's some variance in CAs minimum wage depending on if you're a tipped server, fast food worker, or something else.
Probably employs the same people Donald Trump is calling animals and wants kicked out of the country, or worse. And when they succeed those towns are going to crumble.
I hope economists follow this up. The Chicago school theory states that this should help only minimally and at worst increases unemployment which leads to all kinds of bad things.