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How would an increased federal minimum wage affect Nevada?

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2024-08-31

How would an increased federal minimum wage affect Nevada?

Presidential campaign proposals to increase the federal minimum wage could affect Nevadans — but only if it goes up high enough.

Vice President Kamala Harris’s campaign has said if elected, the Democratic presidential candidate will work with Congress to raise the federal minimum wage, currently set at $7.25 per hour. The law was last changed in 2007 — it completed the last step increase in July 2009.

Since then, cumulative inflation has gone up 46.6 percent, according to the Federal Reserve of Minneapolis, giving the minimum wage much less buying power.

Nevada’s minimum wage, however, is higher. The Silver State reached $12 per hour on July 1, the last increase as set in a 2019 state law.

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