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States Raising the Minimum Wage in 2022

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Raising the federal minimum wage from $7.25 to $15 per hour has been debated for a long time. It’s surprising to know that it has not been increased since 2009. 

20 U.S. states still follow the federal minimum wage of $7.25 per hour. However, some private companies have taken matters into their own hands and have increased the minimum wage for their workers to $15 an hour.

This year, Walmart  (WMT) - Get Walmart Inc. Report, the country’s largest private employer, started paying an average of $15 per hour to its employees. Amazon  (AMZN) - Get, Inc. Report has been paying its employees $15 minimum wage since 2018.  

Target  (TGT) - Get Target Corporation Report and Best Buy  (BBY) - Get Best Buy Co., Inc. Report also have a $15 minimum wage. 

Costo  (COST) - Get Costco Wholesale Corporation Report dominated headlines this year when it raised its starting pay to $17 an hour in October.

Related: Companies That Have Raised Minimum Wage to $15

While some big names are committed to a $15 minimum wage, U.S. states have miles to go to reach that number; however, some states are on their way to getting there.

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California is the only state with a $15 minimum wage next year if the business employs 26 or more employees.

Check out the video above to determine which other states are raising their minimum wage in 2022.

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