“2025 minimal wage” refers back to the minimal wage that’s set to be carried out within the yr 2025. The minimal wage is the bottom hourly wage that employers are legally allowed to pay their staff. It’s sometimes set by the federal government to guard employees from being underpaid.
Elevating the minimal wage has a number of advantages. It may possibly assist to cut back poverty, increase the economic system, and enhance the general well-being of employees and their households. Nevertheless, there’s additionally some debate in regards to the potential unfavourable results of elevating the minimal wage, equivalent to job losses and inflation.