Posted 8/23/2023, 10:00:02 AM

In a hot job market, the minimum wage becomes an afterthought

The minimum wage has become increasingly irrelevant in the current labor market as companies are offering much higher wages to attract workers, rendering the minimum wage meaningless in many industries and locations.

seattletimes.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.