Big News for Paychecks: Minimum Wage Going Up for Millions in 22 States in 2024, Reaching $17 in Some Places.
Stimulus. (PHOTO: Google)
According to The U.S. SUN report, many Americans will have more money in 2024 because 22 states will raise the minimum wage. It can reach $17 an hour in some states. Starting January 1, this will change. States like New York, Maryland, and New Mexico will pay $15 per hour. Due to rising costs, 13 states raised the minimum wage. Washington, DC, has the highest minimum wage at $17 per hour. Low-wage workers will spend more, helping the firm. The extra money will help with rising living costs. Some places maintain the minimum wage.
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In twenty states, mostly in the South and Midwest, the minimum wage will stay at $7.25. Places like Alabama, Tennessee, Georgia, Texas, and both Carolinas will follow this pay rate. This news is good for workers, but some worry it might not be good for companies and customers. For example, in California, where workers will earn more, customers might have to spend more at fast-food places. These changes show that people care about everyone getting fair pay, and we’ll be watching to see what happens in the next year.
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