By Harrington Maury
The Published Reporter, Dec 27, 2023
On the forthcoming Monday, the state of Arizona, along with 21 additional states, is poised to witness a notable augmentation in its minimum wage.
Concurrently, the states of Nevada, Oregon, and Florida, alongside the District of Columbia, are anticipated to institute analogous increases in their minimum wage rates later in the year 2024, as reported by Business for a Fair Minimum Wage. ...
It is noteworthy that numerous companies operating nationwide express a favorable stance towards the prospect of an escalated minimum wage.
Their support is rooted in the perceived advantages associated with heightened consumer spending and the enhanced well-being of employees.
Holly Sklar, CEO of Business for a Fair Minimum Wage, highlighted in a press release that the new year is an opportune time for implementing minimum wage increases.
According to Sklar, such increases are crucial for meeting workers’ essential needs and have a significant impact on consumer spending, a vital aspect for businesses.
She emphasized that fair wages contribute to better recruitment and employee retention, leading to improved customer service and a positive cycle of repeat business. ...