The minimum wage is increasing in 19 cities and states this summer. But is it enough?
Minimum wage hikes are helping to battle inflation. But they don’t help all workers—especially the most vulnerable.
Though July’s jobs report suggests the labor market may be cooling, the U.S. still has more jobs available than unemployed workers. That’s boosted wages, leading to record wage growth with fewer workers at minimum wage than ever before. But more than 20 million workers still earn less than $15 an hour—which is itself far below a livable wage.
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