Minimum Wage Washington 2024 Impact On Economy. The authors developed a framework to study the impact of the minimum wage in the short run (three to five years) and the long run (beyond 10 years), including. Biden administration releases plans for new minimum tax on large companies.

A close second is california, which is raising its minimum to $16 from $15.50 on january 1. Explore the historical evolution, economic impact, and social significance of washington’s minimum wage in 2023.