Categories
Business

Approves the highest level of the US minimum wage

For the first time, the minimum wage in a US city was set above $ 17 per hour.

According to the Los Angeles Times, officials of the West Hollywood City Council in California announced that the minimum wage in the city will be set at $ 17.64 per hour from now on. This is the highest level of the minimum wage in the United States and one of the highest rates in the world, and has since been accepted by some opposition guilds, such as the restaurant and hotel sector, whose Corona-era unemployment benefits have made employees reluctant to return to work. As a result, there was a serious shortage of manpower in the service sectors of the city.

California is one of the most expensive states in the United States in terms of cost of living, but has always been popular with job seekers in recent years due to its high wages and abundant job opportunities. The state has a higher wage than many other states because of its strong Democratic base, which is much higher than the Republican minimum wage, and Democrats are trying to get federal and local officials to pay. Encourage a similar California approach to raising staff minimum wages.

More states are expected to join the Democrats’ campaign to raise the minimum wage, given the continuing decline in the US unemployment rate in recent months.

According to the Democrats’ proposed program, the US minimum wage will gradually increase to $ 15 an hour by the end of 2025, and the required funding will be provided by the proposed $ 1.9 trillion package.

Currently, the average minimum wage in the United States is $ 7.25 per hour, with an annual income of $ 15,000 as the annual income floor. However, the annual cost of a household in this country is estimated at $ 32,000.

Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast