"The big picture: More than 8.3 million workers will see their pay go up on Jan. 1. That includes both those getting a direct increase and others indirectly affected when companies adjust wage ladders, according to an estimate from the progressive Economic Policy Institute. The extra boost comes at a time when rising prices are particularly punishing for the lowest earners. Another three states - Florida, Alaska and Oregon - are increasing their minimum wages later in the year."
"Stunning stat: For the first time, there will be more workers in states with a minimum wage of $15 an hour or higher than those with the federal minimum of $7.25. Between the lines: More than a decade ago, labor advocates' fight for a $15 an hour wage seemed radical - not so much anymore. By the numbers: Missouri and Nebraska will cross the $15 milestone on Jan. 1."
More than 8.3 million workers will see pay increases on Jan. 1 due to state minimum-wage hikes and employer wage-ladder adjustments. The increases arrive as rising prices disproportionately impact lowest earners. For the first time, more workers will be in states with minimum wages at $15 or higher than in states tied to the $7.25 federal minimum. Missouri and Nebraska will cross the $15 threshold on Jan. 1. Four jurisdictions will raise minimum wages to $17 or more for some or all workers by year-end, including Washington and parts of New York. Nineteen states raise wages on Jan. 1, while 20 states still use $7.25.
Read at Axios
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