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Puerto Rico Adopts Minimum Wage Act

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Puerto Rico Adopts Minimum Wage Act

Citing factors such as inflation, population deceleration, migration, and the long-term economic effects of Hurricane Maria and the COVID-19 pandemic, Gov. Pedro Pierluisi has sign into law the “Puerto Rico Minimum Wage Act.”The new law supersedes the lower federal minimum wage beginning 2022 and creates the “Minimum Wage Review Board” to periodically review and potentially increase minimum wage every two years.The new law also establishes Puerto Rico’s public policy that no full-time worker should live below the poverty level and that all workers should earn enough to cover their basic living expenses. This is the first time in more than a decade Puerto Rico has increased its minimum wage. The current minimum is $7.25 an hour.State Minimum WagePuerto Rico’s minimum wage will automatically increase to $8.50 per hour on Jan. 1, 2022, and to $9.50 per hour on July 1, 2023, for all employees covered by the Fair Labor Standards Act. The minimum wage is scheduled to increase to $10.50 per hour on July 1, 2024, unless the new Minimum Wage Review Board provides otherwise.Exceptions to coverage include agricultural workers, all government and municipal employees, judicial and legislative branch employees, as well as “administrators,” “professionals,” and “executives,” as defined by Regulation 13 of the Puerto Rico Minimum Wage Board. Employees covered by a collective bargaining agreement that provides for higher wages than those set by the law or by Decree (described below) will also be excepted from coverage. Those receiving tips will be entitled to the federal minimum wage that, added to their tips, must reach the Puerto Rico minimum wage, established by either law or decree.Minimum Wage Review BoardThe law creates the Puerto Rico Minimum Wage Review Board, part of the Puerto Rico Department of Labor. Headed by the Puerto Rico Secretary of Labor, the board will be comprised of six additional members: two employee sector representatives; two employer sector representatives; one economist; and one labor relations expert. All members must be approved by the Senate after their appointment by the governor. Employee and employer representatives will serve for fixed three-year terms, for no more than three terms, and the economist and labor relations expert will serve fixed five-year terms, for no more than three terms.The board must hold monthly meetings and issue yearly reports on employment conditions for each industry. Upon submission of the yearly report, the board may approve mandatory decrees to increase the minimum wage in accordance with conditions cited. Decrees will have the force of law and must be issued at least every two years, but not more than twice in a calendar year. No decree can mandate an increase of more than 25 percent of the previous state or federal minimum wage.The board also must approve Special Decrees for agricultural workers and tipped employees. It may approve Special Mandatory Decrees for “administrators,” “professionals” and “executives,” as defined by Regulation 13 of the Puerto Rico Minimum Wage Board.Claims and PenaltiesThe law provides penalties of up to $5,000 per infraction for first-time offenders and up to …

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Nearly 2 million direct care workers would benefit from a $15 minimum wage by 2025

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Nearly 2 million direct care workers would benefit from a $15 minimum wage by 2025

A new EPI report finds that a $15 federal minimum wage by 2025 would raise pay for one-half of direct care workers who provide long-term services and support (LTSS), or 1.9 million workers. The vast majority (90.7%) of LTSS direct care workers who would get a raise are women, and half (50.0%) are Black, Hispanic, […]

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Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

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Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

By Ben Zipperer, Working Economics Blog, Economic Policy Institute After the longest period in history without an increase, the federal minimum wage today is worth 21% less than 12 years ago — and 34% less than in 1968. Saturday marked 12 years since the last federal minimum wage increase on July 24, 2009, the longest […]

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If the Minimum Wage Grew As Much As A Wall Street Bonus Since 1985, It Would Be $44 Today

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If the Minimum Wage Grew As Much As A Wall Street Bonus Since 1985, It Would Be $44 Today

The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs at a $15 minimum wage for a year. March 29, 2021By Sarah Anderson Originally in Inequality.org While low-wage workers are still waiting for a raise in the minimum wage, Wall Street employees enjoyed a 10 percent bump in […]

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Biden to Impose $15 Hourly Minimum Wage for Federal Contractors

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Biden to Impose $15 Hourly Minimum Wage for Federal Contractors

A presidential executive order will do for hundreds of thousands of federal contractors what he has been unable to do on a broader basis for American workers.

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Biden’s Minimum Wage Hike Faces Make-or-Break Test

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Biden’s Minimum Wage Hike Faces Make-or-Break Test

The Senate parliamentarian is readying a decision about whether the provision, which some Democratic lawmakers dispute, can remain in the coronavirus relief package.

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DOL Secretary, Cadillac Tax, $15 Minimum Wage Highlight Busy Week

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Department of Labor Secretary Alex Acosta’s resignation July 12 preceded a busy week for the federal government, including House bills repealing the so-called “Cadillac tax” and pushing a $15 minimum wage by 2025.

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CBO Analysis: $15 Minimum Wage Would Boost Incomes, Trigger Job Cuts

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Raising the federal minimum wage to $15 per hour would raise pay for 27 million workers but also lead to over 1 million job losses, according to Congressional Budget Office (CBO) projections.

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Advocates Push House to Vote on $15 Minimum Wage This Summer

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​The U.S. House of Representatives, where Democrats hold sway, may vote as early as August on a measure that would more than double the federal minimum wage to $15 an hour.

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Walmart CEO Asks Congress to Pass $15 Minimum Wage

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When Walmart’s top executive urged Congress to boost the federal minimum wage to $15 an hour nationwide, it added fuel to an already contentious debate. Supporters of a $15 wage say it’s good for workers and for businesses, which benefit from having less turnover. Opponents say that while big corporations can afford to hike entry-level workers’ pay, their smaller competitors might not be able to do so and stay in business.

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