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More than half of states poised to raise minimum wage in 2023 as $15 an hour gains traction
Just The News ^ | December 26, 2022 - 11:10pm | By Madeleine Hubbard

Posted on 12/27/2022 11:06:12 AM PST by Red Badger

The federal minimum wage of $7.25 is in place for 20 states.

Four states will have a $15-an-hour minimum wage by New Year’s Day, while 27 states are poised to raise the minimum wage in 2023.

Some states are enacting the wage change after Jan. 1, so by the end of 2023 there will be six states that are set to have minimum wages at or above $15 an hour. They are California, Connecticut, Massachusetts, New York, Oregon, and Washington, according to a report last week from the National Employment Law Project.

Other states are gradually implementing a $15-an-hour minimum over the course of several years, including Delaware, Florida, Illinois, Maryland, Nebraska, New Jersey, Rhode Island and Virginia, USA Today reported.

The federal minimum wage of $7.25 remains in place for 20 states.

The Congressional Budget Office found last year that raising the minimum wage to $15 an hour would increase the federal deficit by $54 billion over a decade due to the increase in prices for goods and services. Although about 900,000 fewer people would be in poverty, 1.4 million workers would lose their jobs, the report states.

Meanwhile, inflation over the summer placed the federal minimum wage at its lowest value in 66 years, according to the Economic Policy Institute. Inflation is still up 7.1% from last year, and some experts are concerned that increasing the minimum wage will fuel already high inflation.

"Wage increases cause inflation because the cost of producing goods and services goes up as companies pay their employees more. To make up for the increase in cost, companies must charge more for their goods and services to maintain the same level of profitability," Investopedia economist Will Kenton wrote.

Pulitzer-prize winning economist Milton Friedman argued in 1966 that raising the minimum wage would harm minorities and low-paid and unskilled workers the most.

"The loss to the unskilled workers will not be offset by gains to others. Smaller total employment will result in a smaller total output. Hence the community as a whole will be worse off," he said.

However, the Center for American Progress, a liberal think tank, maintains that "there remains little to no evidence that workers’ wages are causing today’s high inflation."


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: bloggers; inflation; minimumwage; obamalegacy
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To: ConservativeInPA

“Where do kids get experience at the basics of showing up on time and doing a decent job?”

What does that have to do with the rate of pay? I suppose you could say the responsibility is on the parents, not the employer.


21 posted on 12/27/2022 11:31:47 AM PST by chuckb87
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To: Chode
i read lettuce at $11.00 head in ca today

Without proof (weekly ad, photo), I call BS.

22 posted on 12/27/2022 11:31:55 AM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: MinorityRepublican

Following the rule of 72, at about 7% inflation, the National debt is halved in 10 years


23 posted on 12/27/2022 11:32:40 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality daythis piece is )
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To: butlerweave

LOL, artisanal water...


24 posted on 12/27/2022 11:32:53 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: V_TWIN

Also in n out. Excellent employees


25 posted on 12/27/2022 11:33:12 AM PST by coalminersson
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To: Chode

In California, people without heads are a dime a dozen


26 posted on 12/27/2022 11:33:54 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality daythis piece is )
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To: Red Badger

More than half of states poised to cut jobs, increase total number of people on unemployment/welfare, expand automation, and decrease/eliminate customer service with minimum wage increase.

There, fixed it.


27 posted on 12/27/2022 11:34:02 AM PST by Ronaldus Magnus III (Do, or do not, there is no try)
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To: PGR88
Doesn’t matter - inflation is rising much faster.

Exactly, which is why most places are already paying much higher.

28 posted on 12/27/2022 11:35:08 AM PST by Reno89519 (DeSantis or Anyone But Trump in 2024. Time for Trump to Retire, Spend Time With His Family.)
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To: CatOwner

i just read the headline, you can read the article for yourself

https://www.ocregister.com/2022/12/16/11-for-a-head-of-lettuce-nationwide-shortage-causes-outrageous-prices/


29 posted on 12/27/2022 11:35:12 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: V_TWIN

When I see Chick-fil-a on a resume it’s definitely a plus for the job candidate.


30 posted on 12/27/2022 11:35:47 AM PST by packagingguy
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To: bert

empty anyway


31 posted on 12/27/2022 11:35:58 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Toddsterpatriot

I agree, wage increases are not driving inflation. The lag in wage increases is more likely lowering inflation.


32 posted on 12/27/2022 11:37:05 AM PST by Reno89519 (DeSantis or Anyone But Trump in 2024. Time for Trump to Retire, Spend Time With His Family.)
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To: chuckb87

You don’t pay a kid to do a job for $15 bucks per hour unless that’s what the market rate is. State mandated minimum wages hurt businesses and those entering the job market with no experience


33 posted on 12/27/2022 11:37:38 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: packagingguy

The only plus on a resume that I watch for is prior military service.


34 posted on 12/27/2022 11:37:52 AM PST by Reno89519 (DeSantis or Anyone But Trump in 2024. Time for Trump to Retire, Spend Time With His Family.)
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To: Red Badger

Yay! More pay cuts for middle-aged people!


35 posted on 12/27/2022 11:39:15 AM PST by refreshed (But we preach Christ crucified... 1 Corinthians 1:23)
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To: bert
Following the rule of 72, at about 7% inflation, the National debt is halved in 10 years

Yep but it'll destroy the purchasing power of the incomes earned by the middle class. We know that's not a problem for the Democrats.

36 posted on 12/27/2022 11:41:06 AM PST by MinorityRepublican
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To: Reno89519

Yep. McD’s has had a big sign out for a year now. Was $15 to start, just jumped last week to $16 “Plus Meals!”. Hundreds of ‘homeless’ in my city. Thousands of high school kids with (very) nice cars/trucks and smartphones. None of this makes any sense to my troglodyte brain.


37 posted on 12/27/2022 11:45:29 AM PST by drwoof
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To: MinorityRepublican

Wage inflation will lag but is a certainty. The banks holding all the various long term debt have the problem.


38 posted on 12/27/2022 11:46:09 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality daythis piece is )
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To: dsrtsage

That was before they opened the border to the entire Third World and sent all the factories elsewhere.


39 posted on 12/27/2022 11:46:12 AM PST by Shadow44
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To: Red Badger

And the entitled a-holes won’t work for that either.


40 posted on 12/27/2022 11:46:54 AM PST by Tijeras_Slim ( )
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