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US states are raising minimum raises from 1st January,2015

Jobsbook.net Dec 31,2014 0 Comments

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Minimum wage workers in Alaska, Arizona, Arkansas, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Missouri, Montana, Nebraska, New Jersey, Ohio, Oregon, Rhode Island, South Dakota, Vermont, Washington and West Virginia will all see their pay go up on Jan. 1, 2015. Minimum wage workers in Delaware and Minnesota are also expected to receive a pay hike in June and August 2015, respectively.

The minimum wage will rise in 20 states in 2015, putting it above the federal pay floor in more than half the USA and highlighting the impact of a national movement to boost the earnings of low-paid workers.

The increases will lift the hourly wages of 2.4 million workers by up to $1 to an average of $8 and a high of $9.15, according to the Economic Policy Institute…. Another 1.9 million workers are expected to benefit from a higher pay scale. The post-Christmas gifts will pump about $1.5 billion into the U.S. economy because low-wage workers tend to spend most of their paychecks, the liberal think tank estimates.

For details on the specific amounts by which wages will go up in each state, take a look at EPI’s data here.

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