Business Services
US Minimum Wage Increases Expected to Continue in 2020
More US Minimum Wage Hikes Expected in 2020. With the federal wage remaining unchanged at $7.25/hr for a decade. Nearly two dozen U.S. states took matters into their own hands this year. In 2019, 21 states increased pay rates despite critics saying it would hurt small businesses. Even with the warnings, hiring this year remained…
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More US Minimum Wage Hikes Expected in 2020. With the federal wage remaining unchanged at $7.25/hr for a decade. Nearly two dozen U.S. states took matters into their own hands this year. In 2019, 21 states increased pay rates despite critics saying it would hurt small businesses. Even with the warnings, hiring this year remained strong amidst the pay hikes.
Last month, it was reported that the U.S. unemployment rate is only at 3.5 percent. Those who saw increased pay in 2019 include baristas and waiters. In seven states, wages will eventually grow to $15 an hour thanks to passed legislation. Even more hikes will go into effect in 2020. Pay rates are expected to go up for almost seven million workers starting early this year.
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