Major Economic Changes in the U.S. Starting January 1, 2026: Minimum Wage Increase and New Year’s Baby Births

Minimum Wage Rises to $13.20 per Hour

Starting January 1, 2026, the federal minimum wage will increase to **$13.20 an hour**. Based on a 40-hour workweek, this translates to a monthly salary of approximately **$2,280**, and it applies uniformly across all workplaces nationwide.

This wage hike affects all employment types regardless of nationality or contract status. Interns and trainees can have their wages reduced by up to 10% during a 3-month probation period. Employers should be cautious, as paying below the new minimum wage after midnight on New Year’s Day could be considered wage theft.

Support for Transitioning to Full-Time Jobs Resumes

Starting in 2026, the government is reintroducing a program that supports companies with fewer than 30 employees in converting part-time or temporary roles into full-time positions. Employers will receive up to **$600 per month** per employee for a year to help cover costs during this transition.

This initiative aims to boost job stability and reduce reliance on temporary workers. It’s also paired with flexible work policies, like later start times after parental leave, to promote a healthier work-life balance.

First Babies of the New Year Born Simultaneously

At City Medical University’s Gangnam Women’s Hospital, two baby girls were born exactly at midnight on January 1, 2026. Both babies are healthy, and their arrival is seen as a positive sign for the country’s birth rate revival efforts.

Obstetrician Dr. Park Hee-jin shared, “Celebrating the birth of these precious lives on New Year’s Day reminds us of the joy of new beginnings.” The couple, Mr. and Mrs. Jung, welcomed their daughter, marking the first birth of the lunar year, and are hopeful for a bright future for their family.

Korean Air Welcomes First Passengers of the Year

Korean Air celebrated the start of 2026 by greeting the first arriving passengers at Incheon International Airport on January 1. The lucky traveler, Mr. Xiu Suangyan, arrived on flight KE864 from Beijing.

• Two round-trip Prestige class airline tickets to Beijing
• One night in a Grand Hyatt Incheon Grand Suite King room
• A beautiful welcome bouquet

Senior staff, including CEO Kwang-ho Ko, attended the event to extend their New Year’s wishes. Korean Air reaffirmed its commitment to safe, reliable flights and top-tier service throughout 2026.

Economic Experts Share 2026 Outlook on Live Broadcasts

On January 1, Korea Economic TV will air a special four-hour live program, “Focus on Growth Sectors for 2026,” starting at 8 a.m. The show will highlight emerging industries expected to lead the next growth cycle, based on recent performance trends.

Meanwhile, KBS Radio’s analyst Han Sang-chun discussed Korea’s economic prospects for the new year, along with global economic trends. The Korea Economic Daily also published special reports on key sectors like semiconductors and batteries, offering insights into future opportunities.