Minimum Wage Boosts for Millions in 2023
Update: 2025-12-09
Description
In 2023, numerous states, cities, and counties across the U.S. will raise their minimum wages, affecting seventy-nine places. This move aims to assist millions of Americans grappling with escalating living costs. The federal minimum wage remains unchanged since 2009, but local actions and ballot initiatives are driving these increases. Economists believe even a small raise can significantly impact low-wage workers, many of whom are in essential services and have been hit hard by inflation. These wage hikes, though not expected to greatly affect the economy, are a vital step towards making life more affordable for those struggling with rising costs.
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