New York instituted a phased minimum wage increase schedule in 2016, with the ultimate goal of raising wages to $15 an hour everywhere. While the target is also $15 an hour for the northern part of the states, the annual increase for this region is determined annually by the commissioner of labor based on economic indicators, including the Consumer Price Index.
Also in the south starting thursday Sept. 30, Florida will change their minimum wage from $8.65 to $10. The pay rise was welcomed by labor groups, but business groups fear it will put additional pressure on employers, who are still facing challenges from the pandemic. “Sixty to 100,000 jobs almost immediately could go away,” said Dr. Jerry Parrish with the Florida Chamber Foundation.
The National minimum wage will go up in five steps in five years, with the beginning increase being $9.50 by the end of this year. And ending with $15 by the end of 2025.
What do you think about minimum wage increasing?
How might this effect you?
Replies
I will grade you a bit more leniently as you did have another topic done. Wit that said, good topic choice but your summary is a bit brief overall and you didn't reply to any student comments.
I think it is a good idea because of the inflation of things. You cannot have the same minimum wage forever if things are going to be more and more expensive over time, so you need to increase that so people can be paid the least amount of money. Like that people would be able to buy their stuff.
I think that it is a good idea to raise minimum wage because it will help people go get a job instead of staying home and living off of unemployment. It will also help families and young teens pay for things. There are a lot of teens who have to pay for there phone and car and they are needing money but the minimum wage is to low.
I think it is a good idea to raise minimum wage at least in some jobs because many people are underpaied. Everything is getting more expensive, so companys should adjust the payement. But it is important to not overpay; otherwise, there would be an inflation. It does not effect me right now.
I think the increase is going to cause inflation to increase more than it already has. I think after a year or two of the five year increase they are going to stop. Because they are going to realize that it is really going to hurt the unemployment rate and the economy.