The employees in Nueva York, Long Island y Westchester are about to experience a significant change in their income. By 2024, it is expected that the minimum salary in these areas reach $16 per hour.
This increase represents an increase of one dollar compared to the current salary.
In the rest of New York State, The law’s basic income will also experience an increase from $14.20 to $15 per hour with the purpose of guaranteeing that workers receive fair compensation for their work.
National changes in the minimum wage
This adjustment in the minimum wage is not exclusive to New York and its surrounding areas. In fact, it aligns with national trends:
- Rhode Island, Nebraska y California: These states will also see minimum wage increases starting January 1.
- Washington State: Leading with the highest minimum wage nationwide, setting $16.28 per hour.
Impact of unions and inflation
The increase in wages is a direct response to several factors:
- union pressure: Unions have played a crucial role, especially in the US automotive sector and at companies like United Parcel Service Inc.
- Inflation and costs of living: Inflation has driven an increase in living expenses, prompting policymakers to react.
Minimum wage 2024: expert perspectives
Holly Sklar of Business for a Fair Minimum Wage points out that these increases are the result of progressive laws and ballot initiatives. Despite the progress, she recognizes that the economic situation presents challenges.
Salary increases in large companies
Several major corporations have announced salary increases, reflecting the national trend:
- Walmart Inc: He raised his starting salary from 12 to 14 dollars.
- Amazon.com Inc: Increased the average salary of logistics staff to about $20.50 per hour.
- Bank of America Corp.: Increased its minimum hourly wage from $22 to $23, with plans to reach $25 in 2025.
2023-12-21 18:01:17
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