Minimum wages will rise in more than 20 cities, states in July
AI Summary
Over 20 cities and states are set to raise their minimum wages in July, addressing the stagnant federal minimum wage of $7.25 an hour that hasn't seen an increase since 2009. This move aims to combat the over 30% loss in purchasing power due to inflation. The wage hikes are crucial as they reflect a broader push to ensure workers' earnings keep pace with the cost of living, signaling a significant step toward economic fairness and stability.
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