Tuesday, December 21, 2021

U.S. Minimum Wage In 2022


The Fight for a $15 an hour, Minimum Wage, is growing around the Country.

While many States still have Wages well below that Number, the Minimum will Rise somewhat in 26 States around New Year's.

The Increase to $15 per hour, by Jan. 1, 2022, for Employers with 26 or more Employees.

For Employers with 25 or Fewer Employees, the Minimum Wage will reach $15 per hour by Jan. 1, 2023.

Increases may be Paused by the Governors, if certain Economic or Budgetary Conditions exist.

What's going on is because of the Pandemic, and a lot of People are still taking care of Kids at Home, maybe they're still wary about catching COVID, they're still living off of enhanced Unemployment Benefits, they're Shifting Careers, All of these related to COVID.

Because of All that going on, you've had maybe Record Worker Shortages, in the Economy, and that's led to a Record Number of Job Openings, and a Record Number of People Quitting Jobs.

And so, even putting the Minimum Wage aside, Low Wage Workers, Workers generally, but particularly even Low Wage Workers, have a lot of Bargaining Power. And so, they've been getting Wage Increases.

These Minimum Wage Increases have been happening already.

This Market based Wage Increases have been going on. And so, some People might say, "Hey, do you really need to raise the minimum wage in some of these areas because the market is taking care of it?"

But, Worker Advocates say, "No, we still have to raise the minimum wage by law because this is not always going to be the case. You're not always going to see workers with this kind of bargaining power. That's a Cyclical thing and it's going to Shift back.

Unemployment will Rise at some point, the Economy will get Weaker. And so, it needs to be Codified into Law. So, I wouldn't say that you're seeing the Minimum Wage Increases necessarily because of the Pandemic, because they've been happening every year.

But it's going along right now with a Movement toward Higher Wages, particularly for Low Income Workers. And it's just another year where we're seeing these Minimum Wage Increases. And it is dovetailing with Wage Increases generally because of the Pandemic.

CLICK HERE for State Minimum Wage Rates.










NYC Wins When Everyone Can Vote! Michael H. Drucker


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