Minimum Wage to Rise in 13 States in 2014

Around 2.5 million low-income Americans will receive higher wages

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New Year’s Day will bring good tidings indeed for the roughly 2.5 million low-income American workers who will see their hourly pay climb when 13 states increase the minimum wage on Jan 1.

New Jersey residents voted in November to increase the minimum wage by a dollar, to $8.24 per hour. Lawmakers increased the minimum wage to $8.70 in Connecticut, and $8 in Rhode Island and New York.

Workers in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont and Washington will see a minimum wage increase due to annual cost of living adjustments, CNN Money reports.

Currently, 19 states have a minimum wage set higher than the federal level of $7.25 per hour. As of Jan. 1, that number will increase to 21 states.

[CNN Money]

23 comments
Adamwb
Adamwb

Anyone that feels minimum wage should be raised needs to take a few classes in economics. I don't mean reading a few opinion pieces online or a bestselling book on Amazon. I mean genuine fundamental economics courses. This includes the politicians passing these types of laws. The latter should, at the very least, be a requirement to even vote or pass on laws that have such an impact on the local or national economy. I'm in awe...absolute awe, that this happens in modern society today. At least this was a minor raise and should have little to no impact either way, for the most part.

Educate yourselves people, please! Our country is being run by the economic incompetent, and those who are voting are even more so. Shoot, you don't even need to go to college...there are free fundamentals in Econ books at your local library. There's no excuse for incompetence anymore. None, zilch, nada.

JensenMott
JensenMott

Ugh, I wish Utah had followed the rest. It's hard being a hard working college student earning minimum wage and still going to school full time. Good thing I have amazing parents that support me through everything. http://idollawfirm.com/Bankruptcy.html

tg_teja
tg_teja

Whatever happened to California taking the initiative? It's not cheap to live here!

DSNIPES
DSNIPES

For all to consider;

Any increase in the non mandated Federal wage (that what is it for the ignorant) will only cause the cost of goods and services to rise and for all the I deserve more to flip a patty, make a bed, scoop ice cream or why ever it is you do where you ask for a job and got what was offered, if you get $20.00 an hour it will not help you at all. All of those goods and services will go up. Obama wants you to keep doing what your doing, depend on the mindless thoughts from his camp. If you do continue to do so he will in effect cause to socioeconomic war he has wanted for years. He is a socialist of the worst kind, a handicapper to the masses and the last thing this idiot wants is for you to think on your own.

If you got a hundred bucks an hour all of you who see this as some life altering event, he knows you will be paying $10.00 for a loaf of wonder bread. See how far that gets you.

He is lowering your thinking ability everyday and laughing at the control he has tens of millions who believe in his sick lies and are spellbound by his majesties bull malarky.

robertbradf
robertbradf

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DrewBaccaRegztem
DrewBaccaRegztem

how about raising the minimum wage to $20/hr at least... who the F can raise a family on $9/hr, or pay for college bills, or travel??

tom.litton
tom.litton

@DSNIPESThere are a few factors your not thinking through:


1.  It only effects the price of goods that are largely dependent on min wage jobs (which effectively means fast food and retail).  It wouldn't, for example, have a large impact on the price of electronics. 


2.  The increase in price isn't that much because the price of min wage labor isn't typically the largest cost.  I believe (and someone can correct me on this) it usually acounts for less then a third of the cost of a business. 


3.  The increase in price will also be offset by an increase in revenue.  The people that shop at walmart are typically those with low paying jobs, which will now have more money to spend at wallmart. 


4.  The increase in price may also be offset by a decrease in tax and/or increase in government services, since there will be less payouts in welfare benefits.


So for a moderate increase in cost, you get a large injection of spending into a spending starved economy, which will translate into more jobs.

rheath7216
rheath7216

Why?? Minimum wage jobs are made for teenagers , the reason why so many teens can't get jobs is because people like you are taking their jobs working at burger at 30 years old

DSNIPES
DSNIPES

Travel that is not a need, get another life

tom.litton
tom.litton

@DrewBaccaRegztemThat may backfire.  Robots are already becoming a reality, you don't want to incentivize these jobs out of existence completely (although fully automated fast food would be cool).  

It's better to raise the min wage to $11-$12 and expand the Earned Income Tax Credit.  Both would give a significant boost to the economy too.

raidx259
raidx259

@DrewBaccaRegztem Those who want to get paid more should go to college and improve their skills and then they can earn that raise

DSNIPES
DSNIPES

You speak bull, both handicap both hurt the already burdened tax payers who pay the bills for tens of millions already, no to what you said and yes to you earn your way!

mowrites6
mowrites6

@raidx259 hello. recipient of a bachelors and masters with magna cum laude honors and a 3.8 grade point average -- yet had 7 jobs in the past year alone due to temporary contracts and internships only being available. oh, and i have almost 90k in debt to pay back starting on my weddin' day. woo-hoo.

tom.litton
tom.litton

@raidx259I'm for that.  Everyone on welfare/food stamps should also get free college tuition and day care.  It may be very costly in the short run, but it will pay off in the long run. 

DSNIPES
DSNIPES

No they should not sorry a college education is not part of your rights. Earn it and a paycheck too!

katdei
katdei

@tom.litton@raidx259I do believe that people going to college (regulated as low income not only welfare recipients) should get day care and at least reduced tuition (maybe based on income.)

katdei
katdei

@tom.litton@katdei@raidx259

My daughter’s friend told her that. We are not a high income state. I am not sure what all programs add to the $5k but the TANF only for a family of 4 would bring $1019 per month (http://www.acf.hhs.gov/programs) I used individual times 4-not married (2 heads of household may bring more?). I wonder if the TANF program and welfare are the same? Then there is a http://www.hsd.state.nm.us/isd/ that shows more programs available. My apologies (not intentional) I just asked my daughter and she said she thinks they do get SSI and Disability (Both are capable of work). The Housing Authority Section 8 or HUD pays for the rental assistance or housing, LIHEAP pays for energy and of course there is: actual Welfare, WIC, ACF-Admin for Children and Families, SNAP and SFAG-State Family Assistance Grants, the phone program, medicare/medicaid  There are probably more-but I don’t want the research. Lol ps Do realize that I do believe that these assistance programs are necessary for emergency situations but not as a never ending means of income.

tom.litton
tom.litton

@katdei@tom.litton@raidx259In my neck of the woods its less then $1500 a month:


http://www.welfareinfo.org/payments/

That doesn't include (as far as i can tell) housing or utilities.   Healthcare is provided by medicare. Phones are provided, but that's what $10 a month for a pre-paid phone?


Unless you provide evidence, i'll call BS on $5000 a month and free housing + utilities.  I just don't see that happening, even in the most expensive places.

Even if they get grants and/or scholorships, they still need extra money for day care, books and supplies, transportation, etc. 


Like i said, it's likely very costly in the short run, but will pay off in the long run.


Of course, that's only true if there are jobs when the graduate.

katdei
katdei

@tom.litton@raidx259 

Whoa, where you from? A family of 4 where I live gets welfare/food stamps/ free (or very low) housing with full electrical/reduced gas pricing/ free phones/health care including eye and dental plus around $5000. a month additional living cost. If a house hold member works 20 hours per week you also get free daycare. Their are multiple grants/schlorships available that pretty much anyone that can carry a 2.0 can get if they go the first year out of high school. And why do you think people want to stay on welfare, etc?  Humm, I wonder.