Finance

Minimum wage hike goes into effect in NY, NJ

Minimum wage hike goes into effect in NY, NJ

The hourly rate will increase to $10.40 for most workers, with with fast food workers seeing an increase to $11.75.

Minimum wage increases are expected to have a "ripple effect" in OH, according to the Cincinnati Enquirer, as businesses increase wages for entry level employees, they typically also raise the wages of those in the upper tiers, such as supervisors and managers.

There's some good news for Ohio's minimum wage workers. Each year, the wage is to increase with a rate of inflation. And that is the same rate for smaller companies with annual gross receipts of $305,000 or less per year, after January 1, 2018.

Ohio's minimum wage is going to raise beginning on January 1, 2018.

However, Goodell said he does sympathize with the working poor and how hard it is to balance a budget on minimum wage.

"This is the fourth time that the Fine Gael-led Government has introduced an increase to the minimum wage since it was cut in 2010". Cathy Young, R-Olean, and Goodell for making sure the increase to $15 is phased in over the next few years.

However, the minimum wage increases only apply to restaurants that are part of a chain of 30 or more locations nationwide.

Researchers at UC Berkeley estimated in 2016 that increasing the minimum wage to $15 per hour would affect 5.6 million Californians, raising their average annual income by $3,700.

"We see the $12 an hour as being a pathway to economic justice", says Farris.

"The minimum wage increase, new paid family leave requirements and the state's proposed employee scheduling regulations are concerning to employers in the area", he said. This is the third increase for fast-food employees in NY since a state wage board recommended the pay raises in 2015.


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