Federal minimum wage raised in 2025?
Federal minimum wage raised in 2025?
$95,455 vol
Order book
No
Market Rules
The outcome is No
If the federal minimum wage is hiked before Dec 31, 2025, then the market resolves to Yes. Outcome verified from Library of Congress.
The increase need not take effect by Dec 31, 2025, but merely a bill becoming law that increases it by Dec 31, 2025.
Timeline and payout
Market openNov 5, 2024 · 10:00am EST
Market closedAfter the outcome occurs
Paid out1 hour after closing
SeriesKXMINWAGE
EventKXMINWAGE-25
MarketKXMINWAGE-25-DEC31
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About
The federal minimum wage remains a contentious issue in the U.S. As of January 2024, it is still $7.25 per hour, while states like Washington and Washington, D.C., have higher rates at $16.28 and $17.00, respectively. Advocates say raising it would reduce poverty and boost morale, while opponents warn of job losses, inflation, and increased competition.