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Wednesday, May 6, 2026

Inflation Relief via Minimum Wage? 3 States Pushing To Pay Workers $20 an Hour - GOBankingRates

While the federal minimum wage remains at $7.25 per hour, many states have their own rates. More than half of U.S. states have announced adjustments to their minimum wages in 2023 to help residents with the impact of high inflation.

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But with gas, food, utilities and rent costs at staggering highs, minimum wage earners get hit the hardest. As the Associated Press (AP) reports, labor supporters in three states are pushing to pay workers at least $20 an hour.

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The initiatives of groups in California, Massachusetts and New York come as inflation continues to outpace any worker gains in income significantly and supply chain disruptions caused by the pandemic and the Russia-Ukraine war keep consumer prices high.

“You can’t tell us that after the pandemic, that $15 is going to still be enough for us to keep food on our tables,” said Sen. Jessica Ramos (D-N.Y.). “That’s why we want $21.25, nothing less. The price of everything is going up except for wages.”

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In Ramos’ home state, supporters of a minimum wage hike are hoping to see one passed through the state budget, which will be finalized in April. Gov. Kathy Hochul’s proposal links minimum wage increases...



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