Jul 27, 2021

A dozen years after last minimum wage hike, is $15 new norm?

Posted Jul 27, 2021 5:45 PM

WASHINGTON (AP) — The signs and banners are dotted along suburban commercial strips and hanging in shop windows and restaurants, evidence of a new desperation among America’s service-industry employers: “Now Hiring, $15 an hour.”

It is hardly the official federal minimum wage — at $7.25, that level hasn’t been raised since 2009 — but for many lower-skilled workers, $15 an hour has increasingly become a reality.

Businesses, particularly in the restaurant, retail and travel industries, have been offering up a $15 wage to try to fill enough jobs to meet surging demand from consumers who are increasingly traveling, shopping, attending entertainment events and eating out.