Delaware’s minimum wage is set to increase to $10.50 per hour on January 1, 2025. This increase is part of a gradual plan to raise the minimum wage to $15 per hour by 2029. The minimum wage is the lowest hourly wage that employers are legally allowed to pay their employees. It is designed to ensure that all workers earn a living wage that allows them to meet their basic needs.
The increase in the minimum wage is expected to benefit over 75,000 workers in Delaware. It will also help to boost the state’s economy by increasing consumer spending. The higher wages will give workers more money to spend on goods and services, which will help to create jobs and grow the economy.