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Minimum Wage

Twenty-Two States Raise Minimum Wage

By Minimum Wage
On January 1, 2024, 22 states increased their minimum wages as a result of legislative action or inflation adjustments. Nearly 10 million workers are expected to receive more than $6 billion in additional wages from these state minimum wage increases. These states include Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington. Local jurisdictions also may vote…
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New Overtime Pay Threshold May Force Employers to Increase Wages

By Georgia Department of Labor (GDOL), HR, Minimum Wage
The Department of Labor (DOL) has proposed increasing the salary threshold for exempt employees to $1,057 per week from the current threshold of $684 per week, which was implemented in 2020. The proposed increase would mean that more employees will fall under the salary threshold and qualify as nonexempt, therefore becoming eligible for overtime pay. What is an Exempt Employee? Exempt employees are typically paid a salary instead of an hourly wage. Exempt workers aren’t…
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Preparing for an Increase in the Minimum Wage

By Minimum Wage, Payroll
The federal government’s proposed Raise the Wage Act would increase the national minimum wage to $15 per hour. While proponents believe that a $15 per hour minimum wage would lift nearly 1 million people out of poverty, others say that it would only hurt small and midsized businesses (SMBs), which make up the majority of American employers. Impacts of a Higher Minimum Wage As we’ve covered before, wage increases may cause problems for SMBs. A…
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