It is the right thing to do. "Unlike the UK National Living Wage, this is a minimum rate which applies to all workers over the age of 18". Referring to the OBR forecasts in his July 2015 budget, Osborne said the minimum wage would be set to "reach £9 an hour by 2020".
"Workers are still not getting a fair share of the wealth they create". If employers have to pay their workers $15 an hour, they'll hire less workers, the reasoning goes. Raising the minimum wage spurs job growth and economic activity.
"This latest rise will mean that since we introduced the National Living Wage in 2016, the lowest paid will have had a wage increase of more than £3,600".
David Spatafore, owner of local restaurant group Blue Bridge Hospitality, said the minimum wage increases may disproportionately hit small business owners and middle-tier restaurant groups operating in the city of San Diego, like his.
While a majority of states will see an increase to minimum wage, many will not. Employers with 26 employees or more will be required to pay $13 per hour, at a minimum.
"When workers with low incomes have more money in their pockets, the entire economy benefits", Myall said in a statement.
Hazardous driving conditions forecast for overnight, Tuesday’s commute
Thursday night kicks off our next round of rain, and it should be on the lighter side as it starts toward midnight. People flocking to Times Square in New York City to celebrate New Year's Eve will face a chilly, windy night.
He added: "Our government will put a stop to that, giving almost three million people from Edinburgh to Eastbourne a well-earned pay rise, including the biggest ever cash boost to the National Living Wage".
The increases are part of a plan initiated December 31, 2016 to raise the minimum wage in NY in phases to $15 per hour.
Tipped workers will see their minimum wage change from $4.35 to $4.95 on January 1.
"With the last one, when it went from $8.50 to $9.25 we had to raise our prices, and when we did that we probably lost 20% of our buffet customers", said Corey Looper, the longtime manager at the Pizza Parlour in Alma.
Leadership by the states is critical.
New York's minimum wage, which has been steadily increasing in much of the state in recent years, has also been blamed for contributing to a budgetary shortfall to the tune of $6 billion. Since then, it has failed to even keep up with inflation. "And it passed the House, but it's stalled in the Senate and is not being brought up to the floor by the Senate leadership or the (Health, Education, Labor, and Pensions) committee chair".