Minimum Wage Increases for 2016
Minimum wage workers deserve a raise. That's why President Obama has urged Congress for nearly three years to raise the federal minimum wage − stuck at $7.25 per hour since 2009. While the costs for the basics like housing, food and transportation have all gone up, the national minimum wage has not. In the absence of a national raise, states and localities have taken action. Since 2013, 17 states and the District of Columbia have raised their minimum wage rates. Today, a total of 29 states as well as the District of Columbia have a minimum wage higher than $7.25. Thanks to this momentum, the minimum wage rates in 14 states go up in January. Also going up in January is the federal minimum wage for workers on certain federal contracts. In 2014, President Obama took action to raise the minimum wage where he could and issued an executive order bringing the minimum wage for workers on federal service contracts to $10.10 per hour. At the time, he also guaranteed that the wage would be adjusted annually to keep up with inflation. In January, their minimum wage will see a slight bump to $10.15 per hour. It's a small increase because inflation was modest over the last year, but every penny counts for an employee putting in the hard work yet still struggling to get by.
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