Economy

OH workers will get pay boost from 2018 minimum wage increase

OH workers will get pay boost from 2018 minimum wage increase

Representatives of businesses in Vietnam have proposed that the government should stop raising the country's minimum wage every year, according to the Vietnam Chamber of Commerce and Industry (VCCI).

OH is one of 18 states raising minimum wages in 2018; the federal rate will remain $7.25 an hour. But the overall impact could cause ripples beyond the minimum-wage earners. By 2022, employees at large companies will get $15 per hour, a figure that has been the rallying cry of a national movement to boost pay for low-wage workers.

Chinh said that workers would not be able to sustain their basic needs on the latest pay rise. For those companies, it marks the first of several pay increases mandated by the minimum wage law approved in 2016.

In most of NY state the minimum will increase to $10.40 an hour from $9.70.

"Our neighbors are getting raises this week, NY and California are moving toward $15, and seven states have already approved minimum wages that are higher than ours in Massachusetts", said Lew Finfer, Co-Director of the faith-based Massachusetts Communities Action Network.

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The minimum wage rose from $8.38 in 2016 to $8.44 in 2017.

The prime minister earlier this month signed off on a decree raising the minimum wage for 2018 by 6.5 percent. Pennsylvania's minimum wage remains $7.25 an hour - the same as the federal amount. Legislative or ballot campaigns to raise state minimum wages to $15 are underway in ten other states, including Massachusetts, Connecticut, Rhode Island, and Vermont.

How many state employees the minimum wage increase will directly affect isn't statistically significant. She said discounts - coupled with the minimum wage increase - could result in higher prices for customers.

In a survey conducted by Vietnam's Institute of Workers and Trade Unions in March, a third of the 2,600 workers questioned said their incomes were barely sufficient to live on, while 12 percent said their wages simply did not cover living expenses, forcing them to work extra hours. Over the past 30 years, part-time work has grown to represent almost 20 per cent of total employment.

For the remainder of the state, including all of upstate, it will take longer for the minimum wage to reach $15 an hour. It would then rise at the same rate as the cost of living, along with the full minimum wage.


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