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Alison Doyle

January 1, 2014 Minimum Wage Increases

By January 2, 2014

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Minimum wage increased in 13 states on January 1, 2014. In others, minimum wage remains at $7.25 per hour which is the federal minimum wage.

Here's a list of states with minimum wage increases for 2014.

The last time the federal minimum wage was raised was in 2009. In an effort to convince Congress to raise the minimum wage, labor and social justice organizations are promoting campaigns to increase the minimum wage. Other organizations are against an increase. Here are the pros and cons of increasing the minimum wage.

How about you? What do you think? Should the federal government and/or the states increase the minimum wage? If you are in favor of an increase in the minimum wage there are many campaigns and petitions you can support to help encourage an increase in your state, as well as a federal increase.

Poll: Should Minimum Wage be Increased?

Read More: Minimum Wage Increases 2014 | List of State Minimum Wage Rates for 2014

Comments
December 27, 2013 at 10:59 am
(1) Ernie Young says:

It is amazing how workers fall for believing that increasing the minimum wage is a good thing when actually having a minimum wage (and continually increasing it) hurts earners and the entire rest of the economy. In the marketplace, pricing is mathematically tied to wages; so, as wages (a business cost) increase, the prices of associated goods and services produced by those earners must increase in order for the associated company to survive. This has been a major hindrance to our national competitiveness in the global marketplace as labor-intensive manufacturers opt out of the country for less-expensive labor or alternatively, opt out of business.

No matter, therefore, how much a nation raises a minimum wage, it will be (and has always been) difficult to live at the minimum. Truth is, the buying power of consumers is directly related to their distance above a minimum wage; achievement just cannot be legislated. Politicians love an increase because it fools the voters, gets them reelected, and adds tax revenue to cover their debts; however, without the drag of a minimum wage on today’s small domestic labor force, the US with its superior infrastructure and communications systems would dominate global trade. Check it out.

December 31, 2013 at 1:28 pm
(2) Michael says:

People who advocate for increasing the minimum wage don’t understand economics.

January 20, 2014 at 4:15 am
(3) judith says:

What is the impact of introducing minimum wage as a solution to the problem of underpaid workers.

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