Wages have stubbornly lagged what has otherwise been a relatively reliable economic bright spot, jobs growth and unemployment decline. But Federal and local policymakers have been doing their own part in efforts to favorably impact workers take-home earnings.
Fortune staffer Anne Fisher has this story on how states and localities are responding to the need to set a new floor on hourly pay, with many of the new minimum wage hikes being triggered on New Year's Eve this year. Fisher writes:
California and Massachusetts will be the first states in the U.S. to have an hourly wage floor of $10 for all workers. Some cities, like Seattle, San Francisco, and Los Angeles, have gone further, gradually phasing in a $15 minimum wage. New York has a special pay rate just for fast-food workers. At restaurants with more than 30 employees, they’ll make $10.50 in the Big Apple, and $9.75 in the rest of the state, starting on New Year’s Eve.