The Workers Getting Raises in 2025

Are you one of them?

January 07, 2025

Welcome to 2025! This feels like the official week the new year starts, and what better way to start than with a raise?

More on that below, but before we get into this week’s topic, I want to share that we’ll be attending CES in Las Vegas on January 8th. I’ll be speaking on a panel at the Labor Summit with SAG-AFTRA at 2:30 PM. If you’ll be there, we’d love to meet you!

Thanks for being here, and we hope you enjoy this week’s newsletter.

-Hannah

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Gif by showtime on Giphy

Millions of workers receive automatic raises

As many Americans return to work, millions will see bigger paychecks thanks to minimum wage increases for more than 20 states as of January 1st. For most, these pay increases come from the rising costs of inflation (14 states), followed by legislation (5 states) and ballot measures (2 states) passed by voters. 

So, how are these changes going to affect workers?

These minimum wage increases aren't just about the money but rather the significant impact they will have on diverse communities. Here’s the breakdown:

- 58% of workers getting raises are women, marking a big step towards pay equity.

- 5.3 million kids have a parent or guardian getting a raise. That’s money for groceries, school supplies, and everyday necessities.

- Black and Hispanic workers will receive a higher percent of raises compared to their representation in the workplace - an 11% increase for Black Americans (making up 9% of the workforce) and 39% for Hispanic Americans (making up nearly 20%).

- Contrary to misconceptions of the average teen assuming the majority of minimum wage jobs, 88% of these workers are adults - with half working full-time and 87% working at least 20 hours weekly.

How do you prepare for these changes?

  1. Check your state’s new minimum wage using this map.

  2. Don’t assume your company will make automatic adjustments just because it’s the law - do your due diligence and meet with your management to discuss these changes.

  3. Hold your company accountable - if they don’t abide by changes to the law, you can reach out to your state’s labor board for assistance.

  4. Practice pay transparency! It ensures you and your colleagues are fairly compensated - you can start by anonymously sharing your pay on our salary database.

Healthcare and technology dominated our top 10 list of the highest-paid workers we interviewed in 2024…but not the top 3. 🤔

Can you guess what they were? Watch our compilation below to find out!

  • Highest-paying jobs without a degree 🍾 No degree? No problem! These jobs prove you don't need a fancy diploma to stack those coins.

  • Minnesota’s in its ‘transparency era’ 🪩 The Gopher State joins the transparency movement for fair ticket pricing with “The Ticketing Fairness Act.”

  • Passive income side hustles from your couch 🛋️ Graphic design is having a moment - learn how people are turning their creative skills into passive income without leaving their living room.

  • Why Americans can’t afford to retire 👴 Your grandparents' retirement plan isn't cutting it anymore - a deep dive into America's savings crisis and what it means for your future.

How much did we make in 2024? Last year, our financial goal was to maintain (or increase) our gross revenue earnings. How did we do? Stay tuned for our 2024 revenue breakdown dropping next week!

Thanks for reading!

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