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New Minimum Wage Legislation Will Strengthen Virginia’s Families & Economy

By Lowkell | March 30, 2020 From the Commonwealth Institute for Fiscal Analysis: New Minimum Wage Legislation Will Strengthen Virginia’s Families & Economy Nearly 800,000 people will benefit, including essential workers during COVID-19 In the 2020 session, the General Assembly passed historic legislation to increase the minimum wage in Virginia for the first time in more than 11 years. The bill, if signed into law, will increase the minimum wage from $7.25 to $9.50 on January 1, 2021. Virginia’s minimum wage would reach $12 by 2023. The discussion in this piece: Explains how minimum wage increases help to stimulate the economy, ...