Posted 8/23/2023, 7:00:18 AM

In a Hot Job Market, the Minimum Wage Becomes an Afterthought

The minimum wage is becoming increasingly irrelevant as a result of a hot job market that has led to higher pay across industries and rendered the minimum wage largely meaningless in many states, with few workers earning the federal minimum wage.

nytimes.com

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8/23/2023

Wages for New Hires are Falling, But the Impact is Negligible – MishTalk

New hires are experiencing declining wages in various sectors such as technology and transportation, which could impact job hopping and take time to reflect in federal data, posing challenges for the Federal Reserve in managing inflation.

8/23/2023

State announces minimum wage rate increases for 2024

The minimum wage in Minnesota will increase in 2024, with large employers paying $10.85 an hour and small employers paying $8.85, excluding Minneapolis and St. Paul which have higher minimum wages.