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The video tutorial discusses the impact of a higher minimum wage on the economy, specifically focusing on the UK. It mentions that the Low Pay Commission recommends the level of the minimum wage, with about two million workers paid at or below that level. The majority of these workers are in sectors like retail, hospitality, cleaning, and maintenance. The UK minimum wage is compared to other high-income countries. The UK government announced a rise in the minimum wage by 59p from April 1st, 2021.

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What are 2 strongest arguments against an increase in the minimum wage?

Opponents say that many businesses cannot afford to pay their workers more, and will be forced to close, lay off workers, or reduce hiring; that increases have been shown to make it more difficult for low-skilled workers with little or no work experience to find jobs or become upwardly mobile; and that raising the

What is the justification for the minimum wage?

The purpose of minimum wages is to protect workers against unduly low pay.

Is NJ minimum wage going up to 15 dollars an hour?

TRENTON New Jerseys statewide minimum wage will increase by $1.13 to $14.13 per hour for most employees, effective January 1, 2023. Annual increases in the minimum wage are due to legislation signed by Governor Murphy in February 2019 that raises the wage floor to $15 per hour by 2024 for most employees.

Did they raise minimum wage in PA?

Since then, Pennsylvanias minimum wage has fallen behind. The commonwealth is one of 20 states that hasnt raised the 13-year-old federal minimum wage of $7.25.

What U.S. state has the highest minimum wage?

Washington, D.C. boasts the nations highest minimum wage at $16.10 an hour, ing to the Department of Labor. But if were getting technical, the northwest state of Washington has the highest minimum wage of any state in the U.S. at $14.49 an hour.

What states have the highest minimum wage 2022?

^New Yorks base minimum wage is $13.20 and $15.00 for those living in Long Island, Westchester, and New York City. The states with the highest minimum wage are on the East and West coasts.States with the highest minimum wage. State20222023Maine$12.75$13.80Vermont$12.55$13.188 more rows Nov 21, 2022

What state has the highest minimum wage 2022?

The highest minimum wage is in Washington D.C. at $16.10 per hour, followed by Washington at $14.49 and Massachusetts at $14.25. Here is a list of all the states with a minimum wage higher than the federal minimum wage.

What is the minimum wage in New Jersey?

Share on: New Jerseys statewide minimum wage will increase to $14.13 per hour effective January 1, 2023, ing to the New Jersey Department of Labor Workforce Development. That is a $1.13 increase from 2022.

What state has the lowest minimum wage 2022?

Two states, Georgia and Wyoming, have a minimum wage of $5.15 for employers exempt from the Fair Labor Standards Act, ing to the Department of Labor. Most companies, though, use the federal minimum wage of $7.25.

What is the best argument for raising the minimum wage?

Raising the federal minimum wage will also stimulate consumer spending, help businesses bottom lines, and grow the economy. A modest increase would improve worker productivity, and reduce employee turnover and absenteeism. It would also boost the overall economy by generating increased consumer demand.

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