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Cities and Minimum Wages

Posted By Barry Ritholtz On January 29, 2014 @ 12:00 pm In Wages & Income | Comments Disabled

[1]
Source: Center for Economic and Policy Research [2]

 

Minimum wage policy was part of the SOTU address last night. As it turns out, 20 states plus DC have minimum wages higher than the federal level. CEPR notes that:

As of January 1, 2014, 13 states raised their minimum wage, with California set to follow suit with an increase to $9 in July. Of these 14 state increases, 9 are automatic adjustments based on indexing the value of the minimum wage to the cost of living, while 4 (NJ, CT, NY, RI) are the product of either ballot-measures or legislative action.

Continues here [3]


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URL to article: http://www.ritholtz.com/blog/2014/01/cities-and-minimum-wages/

URLs in this post:

[1] Image: http://www.cepr.net/images/stories/blogs/gianattasio-2014-01-27a.jpg

[2] Center for Economic and Policy Research: http://www.cepr.net/index.php/blogs/cepr-blog/cities-and-minimum-wages

[3] Continues here: http://www.bloomberg.com/news/2014-01-29/states-take-the-lead-on-the-minimum-wage-ritholtz-chart.html

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