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Pursuant to ORS 653.025(5), Commissioner Stephenson of the Bureau of Labor and Industries determined that the minimum wage rates in Oregon will increase on July 1, 2023. Raising the minimum wage can increase worker productivity, reduce absenteeism, and strengthen recruitment and retention of employees, which is a critical component of addressing Oregon’s workforce shortage.

Minimum wage workers in Oregon will get a 70 cent an hour increase starting July 1st.

Minimum wage workers in Oregon will get a 70 cent an hour increase starting July 1st.

Minimum wage workers in Oregon will get a 70 cent an hour increase starting July 1st.

<h2>INTRODUCTION</h2> <p>1.&nbsp;&nbsp;&nbsp;<span>In October 2022, MAS tightened its monetary policy for the fifth consecutive time within 12 months. The mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band was re-centred up to the then-prevailing level of the S$NEER near the top of the band. There was no change to the slope and width of the band. Although Singapore&rsquo;s GDP growth was expected to slow, MAS had assessed&nbsp;that a further tightening of monetary policy was needed to help dampen still-ele...