Posts tagged Consumer Price Index.
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Election Day 2014 proved to be a big win for employees who earn minimum wage. Several states and cites approved measures to increase the minimum wage. The city of Oakland, CA established its first ever minimum wage at $12.25/hour, which will go into effect on March 2, 2015. Over the past few years, many states and cities have passed legislation that will increase minimum wage based on inflation rates, as tied to the Consumer Price Index. While some states have not yet announced the new minimum wage, they may still see increases in the new year (e.g ...
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