The wage floor rises, leading to higher pay for workers at the bottom of the income ladder. This impacts millions positively across various states.
With the federal minimum wage stagnant since 2009 at $7.25, many states have taken action, resulting in higher wages in regions with a higher cost of living.
Higher wages are emerging in both blue and red states, demonstrating a bipartisan shift towards increased compensation, influenced by worker activism and inflation.
By 2027, it is anticipated that nearly half of U.S. workers will be in states with a minimum wage of at least $15, showcasing significant change.
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