From Dow Jones & Company:

Wages for minimum-wage workers in half of the U.S. will increase in 2024, but it won’t be enough to keep up with the cost of living. States like Washington will raise their minimum wages to as high as $16.28 per hour. Even certain industries like healthcare and fast food in California may see raises due to a new law. However, minimum-wage workers in 20 states will still be stuck with the federal minimum wage of $7.25. Some experts believe the minimum wage should be around $20 an hour to truly cover living costs.

Want to read more? Check out the latest news on minimum wage and what it means for American workers.



Read more: 25 states will raise their minimum wage in 2024. Will it be enough?