6 Big Minimum Wage Increases in 2018
The American middle class has made it clear that they want good jobs that pay enough to make ends meet, and some policymakers have pointed to minimum wage laws as a vehicle for ensuring that even low-income workers are able to earn a sustainable living. Despite some opposition from those who worry that higher labor costs could result in reduced employment, many state and local governments have made recent hikes in their minimum wage. Below, we'll look at some of the biggest moves expected in 2018.
One of the biggest minimum wage hikes is tied to a specific industry within the country's most populous city. Those who work in fast-food establishments will get a $1.50 per hour increase, which is technically effective on Dec. 31.
The move was part of a two-year initiative to meet demands for $15 per hour wages. New York City will make the second part of its move on the last day of 2018, helping workers earn that $15 amount in 2019 and beyond.
Source: Fool.com
