Millions Get a Pay Bump as States Raise The Minimum Wage on January 1st
The Takeaway | Jan 2, 2018
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Workers across the country rang in the New Year with a pay bump after 18 states and 19 cities raised the minimum wage on Monday. The increases will impact an estimated 4.5 million workers across America.
The federal minimum wage remains unchanged at $7.25 an hour, a rate last amended in 2009. Twenty-nine states and the District of Columbia now have a higher minimum wage than the federal rate.
How significant are these raises for individuals? And where are we seeing the biggest jumps? For answers, The Takeaway turns to David Cooper, senior economic analyst at the Economic Policy Institute.Â
This segment is hosted by Todd Zwillich
