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Got Minimum Wage Increase in 2017?

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Touch the Soil News #578

Arguments over minimum wage increases are the hottest in the food chain – particularly in the fast food industry. Workers say they can’t make a living and need more. Fast food operators say they can’t pay more and stay in business. The problem is both sides have truth in their positions.

Top economists conclude that: The system cannot adequately afford both business and workers – so much for the American dream. Businesses in general can’t survive without consumers having purchasing power and businesses in general cannot afford to give workers sufficient purchasing power.

Following is a listing of the states that in 2017 are making increases to the minimum wage – far in excess of the Federal $7.25 minimum:

Alaska – Current minimum wage of $9.75 will go to $9.80 (5 cent increase)

Arizona – Current minimum wage of $8.05 will go to $10.00 ($1.95 increase)

Arkansas – Current minimum wage of $8.00 will go to $8.50 (50 cent increase)

California – Current minimum wage of $10 will go to $10.50 (50 cent increase)

Colorado – Current minimum wage of $8.31 will go to $9.30 (99 cent increase)

Connecticut – Current minimum wage of $9.60 will go to $10.10 (50 cent increase)

Florida – Current minimum wage of $8.05 will go to $8.10 (5 cent increase)

Hawaii – Current minimum wage of $8.50 will go to $9.25 (75 cent increase)

Iowa – Johnson County (95 cent increase to $10.10) Wapello County (95 cent increase to $8.20)

Maine – Current minimum wage of $7.50 will go to $9.00 ($1.50 increase)

Massachusetts – Current minimum wage of $10 will go to $11 ($1.00 increase)

Michigan – Current minimum wage of $8.50 will go to $8.90 (40 cent increase)

Missouri – Current minimum wage of $7.65 will got to $7.70 (5 cent increase)

Montana – Current minimum wage of $8.05 will go to $8.15 (10 cent increase)

New Jersey – Current minimum wage of $8.38 will go to $8.44 (6 cent increase)

New Mexico – Current minimum wage of $8.75 will go to $8.80 (5 cent increase)

New York – Current minimum wage of $9.00 will go to $9.70 (70 cent increase)

                        New York City will see an increase of $2.00 to $11.00

                        New York Fast Food workers will see an increase of $1.50 to $12.00

Ohio – Current minimum wage of $8.10 will go to $8.15 (5 cent increase)

South Dakota – Current minimum wage of $8.55 will go to $8.65 (10 cent increase)

Vermont – Current minimum wage of $9.60 will go to $10.00 (40 cent increase

 

There are 30 states that will not have a minimum wage increase and the increases of most of the states posted here are minimal. The moral of this story is that businesses will continue to suffer from weak consumer purchasing power and millions of workers will continue to suffer for want of the basics. Are chances high the economy will continue to behave like a beached whale?

Following is a video clip of the passing of the Arizona minimum wage increase by $1.95 during the recent election – the largest increase in the nation:

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