- The federal minimum wage has been stuck at $7.25 for 13 years, despite attempts to raise it.
- However, some states have taken matters into their hands and raised wages statewide.
- In those states, workers make more, union membership went up, and racial wealth gaps shrunk.
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A raise for minimum wage workers injected billions of dollars into the economy over the last decade, according to a new report.
The National Employment Law Project analyzed the impact of local hikes to the minimum wage since 2012. That year marked the first action by Fight for 15, a worker movement calling for a $15 minimum wage. In the decade since, a number of states have moved to raise their minimums beyond the 13-year-old $7.25 wage at the federal level.
While the federal minimum remains stagnant despite some Democrats' best attempts to raise it, 30 states have taken matters into their own hands. The result: Workers with more wealth, especially workers of color; more union members; and billions of dollars and hundreds of thousands of jobs in the economy, according to the report. Raising wages across states has resulted in...
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