Minimum Wage

NATSO closely monitors federal and state efforts to raise the minimum wage. Because of strong Republican opposition, federal legislation increasing the minimum wage is unlikely to be enacted in the near-term.  Thus, for the time-being most minimum wage policy debates will take place at the state and local level.  This can be particularly disruptive since it creates unequal playing fields, where businesses in one state/locality are subject to minimum wage laws that do not affect their competitors in other states/localities.  This disequilibrium is not ideal.

The current federal minimum wage is $7.25 per hour.  A majority of states have also established minimum wages higher than the federal rate.

 

Latest Blog Posts