LINCOLN- State lawmakers seeking to slow down annual minimum wage increases that Nebraska voters approved in 2022 have reached a new deal to avoid the law’s inflationary increases. State Sens. Jane Raybould of Lincoln and Stan Clouse of Kearney said they have found a “compromise” for Raybould’s Legislative Bill 258 that would completely remove permanent annual cost-of-living increases to the state minimum wage, beginning in 2027.
Under the Clouse amendment, the wage would increase instead by 1.75% annually in perpetuity. Under the current law, workers could see much larger increases. Average inflation for the past five years was 4.18%. Over the past 10 years, it was 2.63%. And over the past 25 years, it was 2.39%, according to data from the U.S. Bureau of Labor Statistics for the Midwest. Raybould said her motivation and why she keeps pushing “passionately” for her measure is to help small businesses and others who might not be able to absorb the cost of rising wages that she said could pass on costs to consumers.
For the full article click HERE