should minimum wage be increased. It’s time to raise the minimum
should minimum wage be increased March 31, 2021 In January 2021, legislators introduced the “ Raise the Wage Act of 2021 ,” to increase the federal minimum wage from $7. e. Presidential Election: Raising the Minimum. Skip To Navigation; Skip To Content; Skip To Footer; The minimum wage law should be changed to improve our society. The U. 25 has not budged since 2009, nearly half of the country increased their minimum wages for hourly workers after January 1, 2022 to compensate their employees, … 1 day ago · The minimum wage in USA has been increased, this after 14 years and in more than 20 states of North America. ”. 25 per hour. Although the federal minimum wage of $7. It is my fundamental thesis that they can and should be outspoken, and… Discussion – Should the Federal Minimum Wage be Increased Leave a Comment / By Dr. A small group of employees will see their pay increase while many more will find their jobs disappearing completely, never to come back. 01 Mar 2023 05:45:11 The current federal minimum wage is $7. From 2015 to … A group of 526 economists including four Nobel Prize recipients signed a statement in 2004 that stated, in part, “a modest increase in the minimum wage would improve the well-being of low-wage workers and would not have the adverse effect that critics have claimed” (Aaron et al, 2004). Tom Cotton of Arkansas and Mitt Romney of Utah proposing a plan in February … While the federal minimum wage has remained static for more than a decade, many states have increased theirs substantially in recent years. As the minimum wage went up in Sacramento, Matthew Ross, co-owner and COO of e-commerce sites RIZKNOWS and The Slumber Yard, made a big change. This is one reason why 72 percent of US-based economists oppose a federal minimum wage of $15. 10, only 14. Also, with the end of 2019 fast approaching, Pro Bono Partnership wants to remind nonprofits of the notices that they might need to hand out to . 25. This includes all National Minimum Wage rates and the National Living … The Biden administration and many congressional Democrats favor increasing the federal minimum wage to $15 an hour from the current rate of $7. 2 percent work fewer than 20 hours per week. 25 in January. Attention Massachusetts and Rhode Island residents…effective January 1, 2023 both states’ minimum wage rates have increased. UK … 2 days ago · The National Minimum Wage has gone up by 9. In 2013, when the Fight for $15 was still in its growth stage, I and others warned that union demands for a much higher minimum wage would force businesses with small profit margins to replace. Edwards looks to increase minimum wage. In the town hall, Biden was referencing a data point from the Center for Economic and Policy Research, a … Here’s what you should know. 00 for employees of large employers and $10. Advice + Tax + Accounts for smart business owners. states will increase their minimum wage rates in 2022. As 2022 begins, some states will enact pay bumps ranging from cents to dollars per hour. See the table below that shows the current minimum wage rates and new rates from April 2023: See: National Minimum Wage and National Living Wage rates - GOV. The recent move in California and New York to rapidly increase the minimum wage to $15 over the next several years will have the same effect. This includes all… Nonprofits should note that New Jersey’s minimum hourly wage will increase on January 1, 2020, to $11. From 2019 through 2030, the minimum wage will increase annually on a set schedule, provided the unemployment rate in the preceding year does not exceed 8. Senate with a simple … The federal minimum wage—just $7. auf LinkedIn: Minimum Wage Increases for Micro Enterprises in Malaysia Deferred to July… The minimum wage, if it was raised to match inflation, would be larger than $7. 60 . Eligible businesses must have less than five employees to… Yohan (Yoharajah) J. 01 Mar 2023 05:45:11 Minimum wage rates increase from 1 April 2023 Employers should be aware that all minimum wage rates increase on 1 April of each year. 25 an hour to $15 by 2025 and would tie increases to median wage growth over. This includes all… 2 days ago · The National Minimum Wage has gone up by 9. 8. Minimum wage jobs are not meant to sustain a living because they are meant for teenagers. 25 has not budged since 2009, nearly half of the country increased their minimum wages for hourly workers after January 1, 2022 to compensate their employees, … The fight to increase the minimum wage to $15 an hour was launched nearly a decade ago, and some on the left are now saying the proposal is already outdated and the amount needs to be higher. The Minister of Manpower explained that the minimum wage should only apply to workers with a tenure of less than 12 months and after that, the structure and scale of wages will be applied. Increased wages is not enough as long as the landlords continue to raise rents taking the disposable income created from wage increase #TheHolloway Will I get a raise if minimum wage goes up? Raising the federal minimum wage to $15 per hour would increase wages for 17 million U. 60, which is equivalent to about $10. by 1. The big picture: A total of 26 states are set to raise their minimum wage in 2022, according to an analysis by consulting firm Wolters Kluwer. 25 minimum wage would immediately reduce the poverty rate for non-elderly Americans from 17. 25 an hour—hasn’t been increased in more than a decade. South Africa: Minimum Wage Should Go Up 4. While the South Shore Chamber of Commerce has not taken a position, I believe the current proposal in Washington — a gradual increase of the existing $7. What states have a $15 an hour minimum wage? This small business made a move—to where labor is cheaper. John Bel Edwards says he is . From 2015 to … So when the minimum wage goes up, yes, you may need to raise prices a little bit, but you're going to raise them much less than the actual minimum wage increase. Does a […] This order promotes economy and efficiency in Federal procurement by increasing the hourly minimum wage paid by the parties that contract with the Federal Government to $15. UK … Whether or not to raise the federal minimum wage to $15 per hour is one of many employment issues at stake in the 2020 presidential election. According to CNBC, the proposal would raise the federal minimum wage to $15 per hour by 2025 and tie future minimum wage increases to growth in the national median wage. Tammi / February 22, 2023 February 22, 2023 Through times like the Great Depression, World War 1, and World War 2, Americans have gone through the most terrifying economic downfall any nation could face. Virginia will see the largest increase in 2022, boosting its minimum wage by $1. People that have not gotten degrees because they could not afford them or have had families early and do not have the time or resources to go to school can not get a job that pays over minimum wage, most of the time. 25 — but states and cities are. Minnesota Large employer (enterprise with annual revenues of $500,000 or more) Our research suggests the next Congress could raise the federal minimum wage substantially, reducing racial inequality without doing harm to the broader market. According to an analysis of the $15 minimum wage increase from the Congressional. In addition to the earnings threshold, the minister has also increased the national minimum wage by a significant 9. If passed, it would be the first increase in more … The federal minimum wage—just $7. Some economists argue that a federal minimum wage increase to $15 an hour — more than double the current minimum — will cost jobs. Of course, higher minimum wage rates mean higher labor costs for many employers. 10 because workers in these states who would have been affected by the federal increase will … The highest local minimum wage in the country, $16. Since then, the Act was changed in … 1 day ago · The minimum wage in USA has been increased, this after 14 years and in more than 20 states of North America. Meanwhile, millions of Black Americans will drive to work today worrying if they would survive being pulled over by police. The higher costs will cause a trickle effect on the economy and will cause more people to go into poverty. As seen in Figure G, more than half (53. Another 10 million additional workers earning slightly above $15 per hour would be affected. 5% of the population to 15. In doing so, it has accepted in. The perception of the minimum wage certainly changed. These increases slightly alter our earlier estimates of the impact of a federal minimum-wage increase to $10. Senate, one economist is saying more modest increases are a better course of action in Wisconsin. ) Sir,— Concerning some matter in your leader on the position of the flax industry and the wages question. Today, millions of Americans do arduous work in jobs that pay too little and offer too few benefits. In fact, half of the U. 5 Percent, Says Commission December 7, 2020 | News Source: AllAfrica News: Economy, Business and Finance [GroundUp] The National Minimum Wage Commission's majority membership has recommended an increase in the minimum wage of 4. Who is … This small business made a move—to where labor is cheaper. Opponents argue that minimum-wage laws hurt small businesses that are unable to absorb the costs of higher payrolls, increase unemployment by forcing employers to cut back on hiring, decrease education by encouraging citizens to enter the workforce, and result in outsourcing and inflation as businesses are forced to compensate for rising … Dube and his colleagues estimate that a 10% increase in the current $7. Congress, as well as governors. 8%, followed by a further reduction to 15% in the second year. Among those who would be affected by increasing the minimum wage to $10. One way the government can impact worker pay is by raising the minimum wage. The reason, of course, is that an … "The minimum wage in Bangladesh should be substantially increased to cover inflation and provide a living wage for workers, and to address the issue, global brands need to contribute to this wage incr . The effect of the earnings threshold is that all those earning below the threshold are subject to the provisions of the BCEA dealing . Employers should be aware that all minimum wage rates increase on 1 April of each year. It is hardly the official federal minimum wage — at $7. Higher wages have been directly linked to increased productivity and reduced employee turnover. 25, but the minimum can vary at the state level — for example, New Jersey and Illinois have enacted legislation to increase their minimum wage to $15. This growth in hourly pay for the workday is … Federal minimum wage: Options for the target amount for the hourly minimum wage range from $10 to $15 (in $1 increments). The coronavirus pandemic relief bill passed by the House of Representatives this week would raise the federal minimum wage in steps until it reached $15 an hour in … Although the federal minimum wage of $7. By Mary Babic - February 10, 2021 1132 SOURCE Politics of Poverty It’s time to raise the minimum wage. +44 (0) 1856 872983; now incorporating February 6th 2023. One of the reasons that increases in the minimum wage would not have an impact on unemployment is that in today’s economy an increase in minimum wage would come mostly out of profits. The minimum wage provisions of the Fair Labor Standards Act of 1938 have been repealed by inflation. 01 Mar 2023 13:47:27 But some think increasing the minimum wage could be detrimental to small businesses and owners. It’s time to raise the minimum wage. The Fair Labor Standards Act (FLSA) was initially established in 1938, where a minimum wage for the covered US workers was determined to be $0. The minimum wage had originally been scheduled to increase to $15 an hour in 2025. Economic theory does not rule out the possibility that minimum wage laws can increase employment in some cases. Among them is Florida, where voters last year approved a measure raising the minimum to $15 by 2026. According to the report, increasing the federal minimum wage to $15 by 2025 will do a lot of good: Lift 900,000 people out of poverty Raise income for 17 million people (one in 10 workers), to. RT @Rhondizzle3: People are going hungry, homeless & without healthcare because we can’t satisfy the rich! Minimum wage should be a living wage! Healthcare should be free & public, NOT tied to employment! Social Security should be increased to a living amount & expanded! #RepealWEP #RepealGPO . “Minimum wages, then, are an important piece of the policy toolkit. national minimum wage is $7. The federal minimum wage … Brands should contribute to wage hike for Bangladesh workers: IndustriALL Global Union GS by Kyna Intel last modified February 26, 2023 "The minimum wage in Bangladesh should be substantially increased to cover inflation and provide a living wage for workers, and to address the issue, global brands need to contribute to this wage incr . Raising minimum wage would break the backbone of this country and our expectations of minimum wage workers would change. 10 could bring 4 to 6 million out of poverty. Additionally, a disproportional number of minority workers reside in one of the 21 states that maintains a minimum … Raising the minimum wage would increase housing and consumer goods costs for everyone and greatly disadvantage minimum wage workers. As a United States citizen, minimum wage should not be increased, because if minimum wage increases the chances of the employees getting a better education is decreased greatly. Moreover, other … minimum wage, wage rate established by collective bargaining or by government regulation that specifies the lowest rate at which labour may be employed. . 6 percent pay hike. com RELATED: 'You. Employers should be aware that all minimum wage rates increase on 1 April of each year. 25 per hour, … The federal minimum wage has not kept up. Low wages hurt all workers and are particularly harmful to … The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. For example, employers may be allowed to count tips received by … In fact, it should be applied as a safety net and employers should apply the structure and scale of wages. … The Federal Reserve of Chicago determined that low-wage worker households spent an additional $2,800 in the year after a $1-per-hour increase to the … 1 day ago · Maryland’s minimum wage increased to $13. 30 for employees of small and seasonal employers. A $15 minimum wage would give 31 percent of African Americans and 26 percent of Latinos a wage increase. Nonprofits should note that New Jersey’s minimum hourly wage will increase on January 1, 2020, to $11. 4 million, or about 0. 01 Mar 2023 05:45:11 Legal Alert: New Jersey Minimum Wage Increase & Mandatory Notices Reminder Nonprofits should note that New Jersey’s minimum hourly wage will increase on January 1, 2020, to $11. 25 per hour as of January 2022. 25 an hour, but the proposal’s fate in the Senate is … South Africa: Minimum Wage Should Go Up 4. This includes all National Minimum Wage rates and the National Living Wage rate. In November, Florida became the eighth state to. Twenty-nine states and numerous counties, cities and multistate employers have minimum wages . Even among the 38% of Americans who oppose a $15 minimum, most say they’d support a smaller increase, according to an April Pew Research Center survey. 2 days ago · The National Minimum Wage has gone up by 9. As of 1 March 2023, the minimum wage of ZAR23 19 per hour will increase to ZAR25 42 per hour. A $1 increase in the minimum wage corresponded to a 33. Congress must pass the Raise the Wage Act of 2021, which would gradually increase the wage from $7. 25 minimum wage to $15 by 2025 — goes . 00 per hour. 25 per hour, … Employers should be aware that all minimum wage rates increase on 1 April of each year. Economists have not been very outspoken on this type of legislation. However, a minimum wage increase doesn’t just help those earning at and under the minimum wage. Will I get a raise if minimum wage goes up? Raising the federal minimum wage to $15 per hour would increase wages for 17 million U. 80 in 2015. Dube and his colleagues estimate that a 10% increase in the current $7. 25, that level hasn’t been raised since 2009 — but for many lower-skilled workers, $15 an hour has increasingly become a reality. However, it should be noted that this measure was not applied in all . Would you lose jobs as a consequence of increasing the minimum wage above some level? Labor economists have studied this carefully, and while there is no consensus, it’s not difficult to support an increase to $12 per hour on the basis of the available evidence. The rate may be defined in terms of the amount, period (i. This includes all… The minimum wage will increase from Wednesday, 1 March. Minimum Wage Topics: That’s why Congress must pass the Raise the Wage Act of 2021, which would gradually increase the wage from $7. Norman Leblanc, CPA no LinkedIn: 2023 Minimum Wage Increases in MA and RI RT @Rhondizzle3: People are going hungry, homeless & without healthcare because we can’t satisfy the rich! Minimum wage should be a living wage! Healthcare should be free & public, NOT tied to employment! Social Security should be increased to a living amount & expanded! #RepealWEP #RepealGPO . What do you think it should be? Proponents argue that increasing the minimum wage to $15 also will benefit minority workers and women. CNN — Workers in 21 states will see a rise in the minimum wage in the new year. The new wage means that domestic workers should see a 9. Dube’s conclusions have been disputed. Raising the minimum wage to $15 could reduce the gender wage gap. Micro enterprises in Malaysia will not be required to implement the new minimum wage until July 2023. Similar trends followed minimum wage increases in 2015 and 2017, where the increases in national employment were lower than increases in the food preparation and serving occupations. In a study of minimum wage raises from 2000 to 2009, researchers found that three months after a … Increased wages is not enough as long as the landlords continue to raise rents taking the disposable income created from wage increase #TheHolloway Increased wages is not enough as long as the landlords continue to raise rents taking the disposable income created from wage increase #TheHolloway About six-in-ten adults (62%), including majorities in nearly every demographic group, support increasing the minimum wage to $15 an hour. ), and scope of coverage. In particular, firms with some monopsony power may be induced to hire more workers if the minimum wage is set slightly above the market wage. 1 day ago · Maryland’s minimum wage increased to $13. "The minimum wage in Bangladesh should be substantially increased to cover inflation and provide a living wage for workers, and to address the issue, global brands need to contribute to this wage incr . 6%. ” Why The Minimum Wage Should NOT Be Raised Highlights: “As a policy to mitigate income inequality, increasing the minimum wage is not terribly effective. This includes all… A report last year by the Congressional Budget Office found that a $15 minimum wage would increase the income of 27 million workers, 17 million of whom … Minimum wage rates increase from 1 April 2023 Employers should be aware that all minimum wage rates increase on 1 April of each year. According to Reuters, Deputy President of South Africa, Cyril Ramaphosa, announced this today after holding negotiations with some leaders of the labor unions. Employees 16-17 years of age may be paid 85% of the minimum hourly wage rate. Most workers would see real wage increases after an increase in the minimum wage as well. The CBO, in its . ago. 25 per hour, … RT @Rhondizzle3: People are going hungry, homeless & without healthcare because we can’t satisfy the rich! Minimum wage should be a living wage! Healthcare should be free & public, NOT tied to employment! Social Security should be increased to a living amount & expanded! #RepealWEP #RepealGPO . The CBO report found that the federal minimum wage increase to $15 would reduce employment in the U. According to the report, increasing the federal minimum wage to $15 by 2025 will do a lot of good: Lift 900,000 people out of poverty Raise income for 17 million people (one in 10 … The federal government isn’t moving on raising the minimum wage from $7. Increases in job growth and economic activity will happen when the minimum wage is … Two out of every three people believe minimum wage should be increased, however, businesses believe differently. CORRESPONDENCE. RELATED: 'You can raise minimum wage but . This includes all… Minimum wage should be increased because Parents that don't have degrees are struggling providing their families. Begin by locating a scholarly article regarding the effects of increases on minimum wages and discuss its findings. Lower turnover rates mean reduced costs associated with new employee onboarding and training. The federal minimum wage law should be changed. : r/StillSandersForPres r/StillSandersForPres • 3 yr. Discussion – Should the Federal Minimum Wage be Increased Leave a Comment / By Dr. 25 and Congress has not increased it since 2009. 25 an hour to $15 an hour by 2025. 50. The federal government sets a national minimum wage, but state governments can raise theirs higher. com Skip to main content You. Decreases in real income don’t start for households in a $15 per hour economy until they earn an income which is six times higher than the poverty rate in the United States. Senator Bernie Sanders, chairman of the Senate Budget Committee, expressed optimism that the proposal could pass through the U. Minimum wage rates increase from 1 April 2023 Employers should be aware that all minimum wage rates increase on 1 April of each year. Employees receive whichever is higher, the federal or local minimum … This small business made a move—to where labor is cheaper. Many states and cities have their own minimum wage. But it’s just $7. 25 per hour, … "The minimum wage in Bangladesh should be substantially increased to cover inflation and provide a living wage for workers, and to address the issue, global brands need to contribute to this wage incr . 5% increase in fluctuations in the number of hours worked per. What states have a $15 an hour minimum wage? Gov. 6 million people out of poverty and add approximately $2 billion to the nation’s overall real income. It will go up to $14 in 2024, then $15 in 2025. 84, is in Emeryville, a suburb of San Francisco. Minimum wage workers tend to be younger females working in service jobs, such as work in the food service industry. It is … Gov. workers, according to the Congressional Budget Office. 6%, meaning that the minimum wage of R23,19 per hour will increase to R25,42 per hour as of 1 March 2023. Thus, if the objective is to match the highest-ever real value of the minimum wage, today’s minimum wage … An increased minimum wage is good news for employers and for-profit organizations. How Increasing the Federal Minimum Wage Could Affect Employment and Family Income, from the Congressional Budget Office Minimum Wages and Racial … Opponents of increasing minimum wage believe that doing so accomplishes little in the way of reducing poverty. Around 30% of all workers are earning minimum wage. As the minimum wage went up in Sacramento, Matthew Ross, co-owner and COO of e … David Sirota: It’s Wednesday so you should know that if the minimum wage had increased at the rate of productivity since 1960, it would be $22. The current federal minimum wage is $7. Dawn McVea, state director for the NFIB, a nonpartisan group, says she’d rather see wages be set. S. , hourly, weekly, monthly, etc. The minimum wage increase will cost more money to employ workers, leading to fewer jobs for companies to offer. 7%, while the average number … The federal minimum wage hasn't been increased since 2009, and while some advocates are still pushing for a $15 minimum wage despite recent efforts being stymied by the U. In an interview between a large flaxmil Minimum wage rates increase from 1 April 2023 Employers should be aware that all minimum wage rates increase on 1 April of each year. This growth in hourly pay for the workday is positive for workers in formal companies, since they will be able to … Employers should be aware that all minimum wage rates increase on 1 April of each year. Other states on track to a $15 an hour wage floor include California, Illinois, New York and Virginia. Gov. A federal increase to $10. Increased wages is not enough as long as the landlords continue to raise rents taking the disposable income created from wage increase #TheHolloway "The minimum wage in Bangladesh should be substantially increased to cover inflation and provide a living wage for workers, and to address the issue, global brands need to contribute to this wage incr . 00 for those workers . The South African government has announced plans to increase its National minimum wage from $60 to $260, which is about N130,000 when converted to the Naira. Several cities—Seattle, New York, and Minneapolis, among them—have passed laws that raised (or will soon raise) the minimum wage to $15 an hour. Relatively recent polls show seven out of ten Americans support raising the federal minimum wage. Lake Charles, LA (KPLC) - Inflation is still taking a toll on everyone, especially those making minimum wage. However, for the bottom 20% of wage earners, a 10% increase in the minimum wage could increase wages up to 2. 8 percent) work full time … Employers should be aware that all minimum wage rates increase on 1 April of each year. All employers should be aware that minimum wage rates increase on 1 April of each year. (To the Editor. 25 per hour, … The federal minimum hourly wage is just $7. 5%. This includes all… For every $1 increase in the minimum wage, we found that the total number of workers scheduled to work each week increased by 27. Republicans have offered a lower amount, with GOP Sens. The population of minimum wage workers is relatively small when compared to other members of the working force, so only a select group of individuals benefit from the change. The amount should increase from $7. . Twenty-nine states currently require a minimum wage that exceeds the federal rate, and several states have enacted measures to raise their rates to $15 over the next five to six years. What do you think it should be? | | fredericknewspost. However, the increase in the minimum wage should be determined by the cost of living in the state or location. On top of that, 56 municipalities will bump their pay floors, for a record year of increases . John Bel … Legal Alert: New Jersey Minimum Wage to Increase in 2018 and Mandatory Notices Reminder Nonprofits should note that the New Jersey Department of Labor and Workforce Development (NJDLWD) has announced that New Jersey’s minimum hourly wage will increase sixteen cents on January 1, 2018, to $8. The federal minimum wage has not been increased since 2009 and currently stands at $7. 0% increase in fluctuations in the number of hours worked per week, a 9. This growth in hourly pay for the workday is positive for workers in formal companies, since they will be able to earn a few extra dollars compared to other years. 1 day ago · The minimum wage in USA has been increased, this after 14 years and in more than 20 states of North America. Details The Government has announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2023. Many of the. Does a […] While the South Shore Chamber of Commerce has not taken a position, I believe the current proposal in Washington — a gradual increase of the existing $7. This growth in hourly pay for the workday is positive for workers in formal companies, since they will be able to … According to research, “Research shows that higher wages for the lowest-paid workers have the potential to help nearly 4. It is unreasonable to increase the minimum wage by a fixed amount in every state. Today, millions of Americans do arduous work in jobs that pay too … 1 day ago · The minimum wage in USA has been increased, this after 14 years and in more than 20 states of North America. 50 per hour after previously scheduled increases were delayed due to revenue … While the South Shore Chamber of Commerce has not taken a position, I believe the current proposal in Washington — a gradual increase of the existing $7. That year the minimum wage was raised to $1. But there … 1 day ago · The minimum wage in USA has been increased, this after 14 years and in more than 20 states of North America. With the price of food, necessities, child care, health care, and many more items that are considered life-sustaining necessities, anyone working full time at the minimum wage would not be able to afford these provisions. 9%. @golibtolibov/123rf. 25 an hour to $15 by 2025 and would tie increases to … Nonprofits should note that New Jersey’s minimum hourly wage will increase on January 1, 2020, to $11. Many voices are now taking up the cry for a higher minimum. I advocate for an increase in the minimum wage. Eleven states have passed laws that will lift their minimum wages to $15 over time. This small business made a move—to where labor is cheaper. The cost of living varies depending on the location. In California, for example, right now the minimum wage rate is $13/hour for … In general, workers are not guaranteed that their wages will rise with inflation to preserve their real value, and there is no reason why minimum wage workers should be an exception. Introduced in January 2021, the Raise the Wage Act of 2021 aims to increase the federal minimum wage to $15 per hour by 2025. msn back to msn home video. A few other cities, such as San Diego and Albuquerque, New Mexico, also have local minimum wage … 2 days ago · The National Minimum Wage has gone up by 9. In spring 2018, he and his business partner moved to Reno, Nevada, where the minimum wage is $8. For more on this is Jonat. In areas with higher living costs, a higher minimum wage can make sense—and some states are already planning to phase in $15 per hour over several … Raising the minimum wage could even increase the overall cost of living for everyone because of this issue, creating a downward economic spiral where an even higher earnings level would be needed to help each … 2021 California State Minimum Wage Law On January 1, 2021, California's statewide minimum wage will increase to $14 per hour for employers with 26 or more employees, and $13 per hour for employers with 25 or fewer employees. So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.