CPI Pushes Minimum Wages Higher

One unanticipated repercussion of the ongoing 40-year high level of inflation is the impact it is having on automatic minimum wage rates in a number of states.  Most recently, three states announced that new minimum wage rates for 2023 will be higher than they had previously anticipated. With minimum wage rates tied to the Consumer…

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Inflation Drives Up Minimum Wage

As many states updated and increased their minimum wages over the past several years, a goodly number of them chose to tether future increases to the Consumer Price Index. California was one of those states with state law providing that should inflation increase by more than 7% over the prior fiscal year, then all employers…

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