Hourly minimum wages in 23 states have gone up as part of previously scheduled efforts to reach $15 an hour or to account for cost-of-living changes.
The increases account for more than $5 billion in pay boosts for an estimated 8.4 million workers, according to the Economic Policy Institute.
Some of those raises in minimum wages are in states that border Indiana.
For example, Illinois is raising its minimum wage from $12 to $13. Michigan’s is going up from $9.87 to $10.10.
Indiana’s minimum wage is staying at $7.25.
2 comments
Any person who actually believes a minimum wage hike helps ANYONE needs to go back and take some remedial math classes. A little bit of actual economics (Austrian, not that Keynesian hoax stuff) would help as well.
5 Billion $ boost in pay = 5 Billion $ boost in the cost of goods = net gain 0 $ boost. Just more inflation and raising the bill for everything for everyone.
If you are middle aged with a family and making minimum wage I am not responsible for your poor life choices.