In a move that will impact 275,000 employees that work at its stores and distribution centers, Target said Wednesday it will permanently raise its starting wage by $2 to $15 beginning July 5.
The Fight for $15 notched another major victory with lawmakers in Connecticut approving a plan to implement a $15 wage floor across the state by 2023.
Lawmakers managed to override Republican Gov. Larry Hogan’s veto of a minimum wage bill. Maryland’s current minimum wage is $10.10, and the new policy will gradually raise the wage floor to $15 by 2025.
The new plan would raise the minimum wage to $10 an hour on July 1, $11 an hour in 2020, $12 an hour in 2021, $13 in 2022, $14 in 2023 and $15 in 2024.
The report Institute for Policy Studies and the Restaurant Opportunities Center found that job growth at full-service restaurants went up and take-home pay increased significantly after New York hiked the tipped minimum from $5 per hour to $7.50 per hour.
Minnesota’s second-largest city has joined the growing wave of cities across the country that have decided to require that workers be paid a minimum of $15 an hour.
JPMorgan Chase bank has committed to paying its newly hired tellers, bankers and branch managers in the Washington area a minimum of $18 an hour.
Economics professors found that a minimum wage increase of $.50 an hour reduced the chance that a person would end up back in prison within a year by 2.8%.
Amazon will begin paying hundreds of thousands of warehouse workers a minimum wage of $15 per hour, the company said Tuesday, following criticism from lawmakers that some employees at one of the country’s wealthiest companies are dependent on public assistance.
This policy is said to bring the wages of thousands of workers, approximately 40,000, to $19 per hour by 2023.