The minimum wage is set to increase in 22 states on Jan. 1, 2024.
Why it matters: For Americans making minimum wage, it’s an automatic raise — but it also ripples out. Typically, increasing the wage floor for the lowest earners pushes up pay for those who make a bit more than the minimum, as employers have to adjust pay scales upwards.
Yup. My pay will increase 50¢ on January 1st 🥱
What are you going to do with all that?
You should collect gumball machine trinkets.
I’m sure there are some people in the world who when they get raises, they set aside the difference and save it up for an investment of some sort instead of just carrying on their life as normal and spending the extra money as if it was always there. Gumball machine trinkets, woo-hoo.
Maybe. I think most people are going to see their bills increasing by more than this minimum wage increase though
Yup the bills will increase regardless if the minimum wage increases or not