What Should The Minimum Wage Be In 2021
The author argues that Tallahassee and other Florida cities should be patient and follow the states timeline on moving to a 15 minimum wage. The Congressional Budget Office projects a 15 minimum wage will lead to the elimination of 15 million jobs.
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A full time minimum wage worker in Delaware working will earn 37000 per week or 1924000 per year.
What should the minimum wage be in 2021. The Minimum Wage is raised by an act of Congress and has no set schedule but is generally raised every 3-7 years in response to rising inflation and cost-of-living. The Federal Minimum Wage was last raised to 725 per hour in 2009 from the previous minimum wage rate of 655. And even as the minimum wage rose the number of Oregon workers earning the minimum steadily declined from 73 in 2018 to 66 in 2019 and just 61 last year.
The good news is that a higher minimum wage should increase the labor pool. The flip side of that is they may compete more for workers if pay is even or only slightly higher. Contractors could find more employees available.
Delawares minimum wage rate as of f 2021 is 925 per hour. Will there be a Federal Minimum Wage Raise in 2021.
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