And the “new math” of a $15 minimum wage will break the system for many restaurants and small businesses. Here are a few other related news items from today: 1.

Minimum wage workers in Chicago received a 40-cent boost, bringing their hourly pay to $15.80. And those in Maryland’s Montgomery County are now paid $16.70 an hour, an increase of $1.05.

This Oct. 24, 2016 file photo shows dollar bills in New York. Mark Lennihan/AP What To Know. In Alaska, the minimum wage will rise by $1.09 to $13.00 an hour, an increase approved by voters ...

If the minimum wage is chosen well, ... You can find a clever explanation of this at Khan Academy, with diagrams. This is standard microeconomics, not some heterodox concoction.

Oregon's minimum wage will rise 35 cents to $15.05 an hour on July 1, also through an inflation adjustment, boosting pay for 9.4% of the state's workforce, or 801,700 workers.

Nearly half of U.S. states are set to raise their minimum wage at the outset of 2025, boosting pay for millions of workers stretching from California to Maine.. In all, 21 states will raise their ...

Michigan's minimum wage is slated to be $10.56, up 23 cents, due to legislation. Minnesota's minimum is making an inflation-adjusted move to $11.13, up 28 cents.

The federal minimum wage hasn’t budged in 15 years. The last time it was altered was in 2009, when it went from $6.55 to $7.25.

The minimum wage for minors, workers under 18, will be $10.61 an hour, 85% of the standard minimum wage. From Jan. 1, 2025, to Feb. 20, 2025, the minimum wage will be $10.56 an hour, and the ...