Minimum wage rises to $10.40 an hour on path toward $15

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And while states like OH and Kentucky have blocked wage increases, others like Colorado and Hawaii just instituted pay raises of nearly a dollar.

The federal minimum wage has not increased since 2009 and the purchasing power of the minimum wage has steadily declined for decades.

A new year on Monday will bring a slight increase in New Jersey's minimum wage.

Another minimum wage hike will be coming for NY workers Sunday. Employees seem to feel that it does not matter, if you switch jobs or not when getting paid so little.

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New York City fast-food workers will be paid $15 an hour beginning December 31, 2018.

Gov. Andrew Cuomo signed legislation - passed in 2016 - giving a minimum wage increase to workers employed by big businesses each year until it reaches $15 by December 31, 2018. The increase will be phased in over a longer period for workers in the rest of the state. Workers in New York City who are employed at businesses with at least 11 employees will now earn a minimum wage of $13/hour. Cuomo estimates more than 2.3 million people will benefit from the wage increase.

The fast food restaurants required to pay the minimum wage are also defined by the agency.

However, the minimum wage increases only apply to restaurants that are part of a chain of 30 or more locations nationwide. The reality is that in today's low unemployment arena many businesses are paying more than the proposed minimum wage to retain employees and are willing to pay more for those with greater skill sets. When the wages increase, it makes it "cost effective" for employers to look for alternatives like self-check outs and other automated systems.

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