Is any of our data outdated or broken? To mark the uprating, this report looks ahead at the implications of the incoming rates and the LPCs remit for the year ahead. This past July, the Department of Finance found that the inflation rate had increased by 7.9%, which required an increase in the minimum wage by 3.5%, resulting in the $15.50 per hour rate for 2023. The minimum wage in India peaked at 178 Indian rupees per day in 2022 and remained consistent over the next couple of years. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages. Plan, manage, and execute pay increases and rewards. Note: your comments are anonymous. This inertia has been the subject of recent criticism from academics and minimum wage workers alike.

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