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Louisville votes to raise minimum wage as workers will get a 24% increase
Source: Associated Press
Louisville votes to raise minimum wage as workers will get a 24% increase
Associated Press in Louisville
theguardian.com, Friday 19 December 2014 13.03 GMT
Louisville has become the first city in the south to raise the minimum wage, joining 20 other local governments nationwide that have increased the hourly wage.
The Louisville Metro Council voted on Thursday night to raise the minimum wage to at least $9 per hour by 2017. The current federal minimum wage is $7.25.
The increase means workers earning the current minimum will get a 24% raise by 2017, and could earn $3,640 more per year before taxes if they work 40 hours per week.
“It is a balanced compromise solution that gives hardworking families a raise while minimizing the risks of job losses in our city,” Democratic mayor Greg Fischer said.
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Associated Press in Louisville
theguardian.com, Friday 19 December 2014 13.03 GMT
Louisville has become the first city in the south to raise the minimum wage, joining 20 other local governments nationwide that have increased the hourly wage.
The Louisville Metro Council voted on Thursday night to raise the minimum wage to at least $9 per hour by 2017. The current federal minimum wage is $7.25.
The increase means workers earning the current minimum will get a 24% raise by 2017, and could earn $3,640 more per year before taxes if they work 40 hours per week.
“It is a balanced compromise solution that gives hardworking families a raise while minimizing the risks of job losses in our city,” Democratic mayor Greg Fischer said.
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Read more: http://www.theguardian.com/business/2014/dec/19/louisville-kentucky-raise-minimum-wage
