Workers across multiple states will see a raise this month as minimum wage increases take effect. Nationally the minimum wage sits at $7.25 per hour, but many states have passed bills to increase their own.
Rather than a one time increase, states often chose to increase the wage over time as to not create economic shocks for businesses. The drawback of this method is that the increase can be offset by inflation by the time the process ends.
Various states are in the middle of increasing their minimum wage and July marks one of these milestones.
On Friday 1 July, workers in Connecticut making $13/hour saw an increase to $14/hour.
Next year on 1 June, minimum wage workers will see their wages increase to $15/hour. This wage still remains lower than the living wage identified by researchers at MIT who estimate that a single person without children would need to make around $19/hour to provide for themselves.
Workers in Nevada will also receive a raise but the amount depends on whether or not they receive their health insurance through their employer. Those who do have employer sponsored insurance, will see their wages increase from $8.75/hour to $9.50/hour. Those that do not, will see a larger boost from $9.75/hour to $10.50/hour.
The minimum wage in the state will cap at $12/hour for those without health insurance and $11/hour for those that do. Each year, the minimum wage will increase by $0.75 until the...
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