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Raising the minimum wage to 15 by 2025 would lift wages for 41 million, Inflation in december 2023 was 3.4% and, according to wtw’s december 2023 global salary budget planning report, average salary increases in.
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Payscale’s 2025 compensation best practices report, released in march, predicted a higher average base pay increase of 4.5% in 2025. On this, ceo salil parekh.
