“2025 minimal wage” refers back to the minimal wage that’s set to be applied within the 12 months 2025. The minimal wage is the bottom hourly wage that employers are legally allowed to pay their workers. It’s usually set by the federal government to guard employees from being underpaid.
Elevating the minimal wage has a number of advantages. It might probably assist to cut back poverty, increase the financial system, and enhance the general well-being of employees and their households. Nonetheless, there may be additionally some debate in regards to the potential unfavourable results of elevating the minimal wage, resembling job losses and inflation.