Minimum Wage Texas 2024 Impact On Economy. I’ll focus on one of the important ways that the minimum wage impacts the labor market: That’s more than 2.5 times the current minimum wage of $7.25 per hour.
One strand of the debate about raising the federal minimum wage has registered concerns about disparate regional impacts—particularly, that a $15 minimum wage would prove too costly for. Factors like high demand and low availability in the labor market are leading the push for state minimum wage hikes.