Minimum Wage In Nevada Increases To $12 Monday
Monday is a different type of pay day for those earning the minimum wage in Nevada. The final of five increases to the minimum wage goes into effect on July 1st.
Starting Monday, the new minimum wage in Nevada increases from $11.25 per hour to $12 per hour. That also effectively increases the overtime rates for those making time and a half to $18 per hour.
The Minimum Wage In Nevada Has Been Increasing Since 2019
Assembly Bill 456 passed in 2019, made to address the severely lacking minimum wage at the time, which was $8.25 per hour. While making $8.25 an hour seems absolutely unthinkable today, believe it or not the federal minimum wage continues to stand at $7.25 an hour which is where it has stood for 15 years.
The plan was to increase the minimum wage in the state by $0.75 per year for five consecutive years. 2024 is the fifth and final year. When factoring in for inflation, the minimum wage in Nevada has raised an effective $1.90 over that five year period according to the Bureau of Labor Statistics inflation calculator.
Minimum Wage In Nevada Still Lacks Behind Many States
While an increase to the minimum wage in Nevada is a very important development for those living near the poverty line, Nevadans are eclipsed by many other states who pay more per hour at the minimum wage.
According to the National Conference Of State Legislatures, 34 states, territories and districts pay more than the anemic federal minimum wage.
Of the 34 states that are above the federal minimum wage, Nevada’s minimum wage, 19 have a minimum wage above Nevada. The highest of which is Washington D.C. who pays $17.50 per hour effective Monday.
Minimum Wage Is Irrelevant To Whether Health Care Is Provided
There used to be two tiers of the minimum wage in Nevada, depending on whether your employer offered you health insurance. Ballot question 2 in 2022 was voted in the affirmative, which struck the discount employers would get for offering health insurance.
So here’s to making more. Sadly, that $12 is worth a lot less than it was expected to in 2019 when they voted this into law.