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21 states kicked the year off by raising the minimum wage

The January pay hikes could affect more than 9 million US workers, one analysis found.

Tom Jones

To millions of Americans, January 1 meant a sore head, devising and revising resolutions, and maybe trying to make the most of a day off. For millions of others, it meant a New Year’s pay bump.

Welcome to the new wage…

According to figures from the National Employment Law Project, lawmakers across 21 states and 48 cities and counties marked the first day of the year by raising their minimum-wage floors, with 55 of those jurisdictions hiking pay rates to meet or exceed the $15 an hour that advocates have long set their sights on. Later in 2025, Florida and Oregon are set to join the list of states raising minimum hourly wages for workers, as legislators try to bump compensation for America’s lowest-paid employees after years of inflation.

So where can minimum-wage workers already expect a new boost to their pay packets for January, and by how much?

Workers in Delaware are going to see the biggest change in their wages this year, with the minimum wage increasing by $1.75 an hour, from $13.25 to $15, while people earning minimum wage in Nebraska and Missouri can expect their hourly rates to rise by $1.50 and $1.45, respectively.

According to analysis from the Economic Policy Institute, reported by Business Insider, pay rises across the states will directly affect over 3 million workers in America. A further 6 million, who get paid within 15% of the new minimum-wage floors, might also enjoy the knock-on effects from the improved rates, the Institute said.

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Wall Street bonuses hit a new record last year, edging toward $250,000 average

2025 was a pretty good year for US stocks... and new data suggests it was an even better one for workers on Wall Street itself.

In a year that saw pre-tax profits on the Street rise more than 30% to a record $65 billion, dealmakers, traders, and wealth managers raked in ~$246,900 in bonuses on average — an all-time high — per a new report from New York State Comptroller Tom DiNapoli published on Thursday.

Wall street bonuses chart
Sherwood News

According to DiNapoli, last year’s record $49.2 billion bonus pool (estimated using income tax data without including stock options or other deferred compensation) reflects Wall Street’s “strong performance for much of last year, despite all of the ongoing domestic and international upheavals.”

Standing desk advantage

Americans are spending more of the workday sitting — the jobs driving the trend often come with more money

Software developers sit nearly all day and make six figures. Fast-food workers are on their feet almost nonstop, and earn about $30,000 a year.

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