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Expand chart
Data: Wolters Kluwer Legal & Regulatory U.S.; Map: Will Chase/Axios

The federal government isn’t moving on raising the minimum wage from $7.25 — but states and cities are.

The big picture: A total of 26 states are set to raise their minimum wage in 2022, according to an analysis by consulting firm Wolters Kluwer.

Why it matters: The battleground has largely moved from the federal level and is playing out in statehouses across the country.

  • At least 20 states have laws on the books preventing cities within their borders from instituting their own minimum wage hikes, Deirdre Kennedy, senior payroll analyst at Wolters Kluwer Legal & Regulatory U.S., tells Axios.
  • Many of those states still hold the minimum wage near the rock-bottom federal level, which hasn't moved since 2009, she adds.

What to watch: With the federal mandate stagnant, companies themselves are also starting to establish minimum pay levels in an effort to improve recruitment and retention of quality employees, Kennedy says.

Go deeper: Record number of minimum wage increases set for 2022

Go deeper

Jan 12, 2022 - Axios Twin Cities

Mapped: Minimum wage increases in Minnesota

Expand chart
Data: NELR/Axios research; Map: Will Chase/Axios

Employers must pay workers in Minneapolis at least $12.50 an hour as of this month, and those with more than 100 employees are required to pay a minimum of $14.25 an hour.

  • The increases, part of a plan to raise wages to $15 an hour, bring the annual pay for 40 hours a week to $25,000 and $28,000 respectively.
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Peloton's wild ride and possible buyers

Illustration: Megan Robinson/Axios

Peloton is having a bumpy ride, and has become a source of fascination among even those who've never invested or clipped in.

Driving the news: On Monday, a hedge fund with less than a 5% stake in Peloton called for CEO John Foley to be fired and for the connected fitness company to consider seeking a strategic buyer. Shares gained nearly 10% on the news, but remained down 16.2% for the year and off 80% their December 2020 peak.

Scoop: Republicans probe NBC over Beijing Olympics coverage

Photo: Oscar del Pozo/AFP via Getty Images

Republican leaders on the House Energy and Commerce Committee have sent a letter to NBC Universal executives voicing concerns about "the extent of influence the CCP (Chinese Communist Party) may have over NBCUniversal’s coverage of the games."

Why it matters: The human rights abuses committed by the CCP have been the subject of intense scrutiny ahead of this year's Winter Games in Beijing. Activists last year sent a letter to NBC executives urging the network to cancel plans to cover the Olympics.

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