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How long will it take to call the 2024 US election?

<ul><li>Five states voted on some form of change to the minimum wage in Tuesday's US elections.</li><li>Missouri approved a raise, while Massachusetts and Arizona rejected changing how tipped workers are paid.</li><li>Results in Alaska and California were unclear early Wednesday.</li></ul>While economic issues were a major focus of this year's <a href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11" target="_blank">US presidential election</a>, several states put pay directly on the ballot, and minimum-wage workers in at least one state are now set to get a raise after voting concluded Tuesday. Missouri, Massachusetts, California, and Alaska all had some form of referendum on their ballots on whether to hike the minimum wage paid by employers. In Massachusetts, voters were asked whether to gradually increase the share of tipped workers' pay that employers must provide, while voters in the three other states were presented with proposals for straightforward minimum-wage increases. In Arizona, voters weighed in on whether to decrease the tipped minimum wage — provided employers could show workers' wages would stay $2 above the state minimum when accounting for tips. Shortly after polls closed in Missouri, it was clear that the referendum there had passed. Voters in Massachusetts and Arizona rejected their proposals, and California and Alaska were still awaiting their results as of early Wednesday. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Missouri</h2>In Missouri, voters opted to raise the state's minimum wage to $15 an hour by 2026. Per The New York Times, roughly 58% of Missouri voters had supported the measure as of early Wednesday, with some votes still uncounted. The measure, <a href="https://www.sos.mo.gov/elections/petitions/2024BallotMeasures#:~:text=Official%20Ballot%20Title%0AProposition,Proposed%20by%20Initiative%20Petition" target="_blank">Proposition A</a>, is set to first raise the minimum wage to $13.75 an hour from $12.30 on January 1 and then increase it again to $15 an hour on January 1, 2026. Starting in 2027, the wage is set to be pegged to inflation. The measure also mandates that employers give their workers an hour of paid leave for every 30 hours they work. Missouri separately voted in favor of former President Donald Trump, who said he'd "consider" a minimum-wage hike if it proved beneficial for small businesses. His opponent, Vice President Kamala Harris, had pledged support for raising the federal minimum wage to $15 an hour from $7.25. A group of Missouri business owners in favor of the measure praised Proposition A's passage on Tuesday evening. "Proposition A will strengthen Missouri's workforce and businesses," David Burmeister, the owner of Midwest Pasta Co. in St. Louis, said in a press release. "Raising the minimum wage will increase people's ability to shop at our business and local businesses across Missouri. We've seen that paying better wages is better business. Employees are happier at work and do a better job." <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Massachusetts</h2>In <a href="https://www.sec.state.ma.us/divisions/elections/publications/information-for-voters-24/quest_5.htm" target="_blank">Massachusetts</a>, employers won't be required to gradually raise tipped workers' base pay to match the state's minimum wage. The measure failed, with the Times reporting at the time of publication that 64% of voters had rejected it out of the votes counted so far. The measure, which would have begun taking shape on January 1, wouldn't have actually raised the legal minimum wage for tipped workers but instead would have raised the share of that minimum wage that employers were required to provide. Currently, Massachusetts employers are required to pay tipped workers a base pay of $6.75 an hour and then make up the difference if those workers' total pay counting tips is less than $15 an hour. The failed measure would have ultimately required employers to directly pay tipped workers the state's full minimum wage by 2029. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Arizona</h2>In Arizona, voters rejected a measure that would have let employers reduce their base pay for tipped workers. <a href="https://www.azleg.gov/alispdfs/Council/2024BallotMeasures/adopted%20analysis%20Proposition%20138%20SCR1040%20-%202024.pdf" target="_blank">Proposition 138</a> proposed allowing employers to pay tipped workers up to 25% less than the state's minimum wage, with the corollary that employers would need to establish their workers were still making the minimum wage plus an additional $2 an hour when accounting for tips. The Times reported that out of the votes counted so far, nearly 76% of voters had rejected the measure. That means that employers in Arizona can continue to pay their tipped workers $3 less than the current hourly minimum wage as long as workers are still making at least the minimum wage when accounting for tips. Correction: November 7, 2024 — An earlier version of this story included a sentence that incorrectly described the result of the ballot measure in Massachusetts. The system in which tipped workers are required to be paid at least $15 an hour through a combination of tips and a $6.75 hourly wage is the current system in Massachusetts, not a proposal on the ballot measure that voters rejected. The story was also updated to clarify the ballot results. The percentages attributed to The New York Times reflected the latest tally as votes were being counted, not New York Times projections for the final result. The specific figure of 76% in Arizona referred to the share of voters at the time who had rejected the ballot measure there, not the margin by which voters rejected the measure.

Workers in Missouri can look forward to raises after minimum-wage boosts passed

How these 7 swing states could decide the 2024 US election 

<ul class="summary-list"><li>Former President Donald Trump bested Vice President Kamala Harris in the 2024 presidential election.</li><li>Trump won largely by breaching Democrats' "blue wall."</li></ul>Former President <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump">Donald Trump</a> won a second term in office, overcoming an intense level of political opposition — as well as doubts over his fitness for office — by driving home a message that he would be the best candidate for Americans' pocketbooks.<a target="_blank" class="" href="https://x.com/FoxNews/status/1854053633198825482">Fox News</a> called the race early Wednesday morning. A little under four hours later, <a target="_blank" class="" href="https://x.com/CNN/status/1854109735076676021">CNN</a>, <a target="_blank" class="" href="https://x.com/NBCPolitics/status/1854109434735169912">NBC News</a>, <a target="_blank" class="" href="https://x.com/CBSNews/status/1854111079984501068">CBS News</a>, and <a target="_blank" class="" href="https://x.com/ABCPolitics/status/1854111153305088285">ABC News</a> also called a Trump victory after the result in Wisconsin put Trump over the 270 electoral votes he needed to win the presidency.In defeating Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a>, Trump will return to the White House after voters ousted him from office in the 2020 election.Trump had essentially been running for president since his 2020 loss. He sought to overturn Joe Biden's victory and was impeached by the US House of Representatives for "incitement of insurrection" over his role in the Capitol riot on January 6, 2021. (He was later acquitted by the US Senate.)In November 2022, Trump launched his presidential campaign on the heels of a disappointing night for the GOP, as the party failed to retake the Senate and only barely won back a House majority. But he used the head start to hammer potential GOP primary opponents and gradually reaffirmed his standing as the party's leader.Trump easily dispatched top figures like Gov. <a target="_blank" class="" href="https://www.businessinsider.com/ron-desantis-wife-kids-family-photos">Ron DeSantis</a> of Florida and <a target="_blank" class="" href="https://www.businessinsider.com/nikki-haley-family-husband-kids-immigrant-parents-photos">Nikki Haley</a>, the former ambassador to the UN, in the 2024 GOP primaries, which further strengthened his hand as he eyed a general-election rematch against Biden.But Biden's exit from the race — following a disastrous <a target="_blank" class="" href="https://www.businessinsider.com/what-happened-biden-trump-debate-takeaways-2024-6">debate against Trump</a> in June — paved the way for Harris' candidacy. The vice president quickly consolidated Democratic support and attracted the sort of donor base that was able to compete directly with GOP megadonors.Still, Trump continued to hold a polling advantage on the economy throughout the general-election race, which for many voters overrode concerns over his behavior while in office.And despite Harris' strong start and her robust campaign apparatus, she was still unable to overcome Trump's enduring level of support from his conservative base.Addressing his supporters in West Palm Beach, Florida, early Wednesday morning, before the race was called, Trump said his election victory would usher in the "golden age of America" and vowed to "help our country heal.""America has given us an unprecedented and powerful mandate," he added.Trump's return to the White House is also poised to have profound effects on the judiciary.Should either Associate Justices <a target="_blank" class="" href="https://www.businessinsider.com/clarence-thomas-takes-aim-at-osha-2024-7">Clarence Thomas</a> or Samuel Alito retire from the bench within the next four years, Trump has the potential to name at least one more conservative jurist to the court. And if he is able to appoint two additional justices, it means that a majority of the court would consist of his appointees — a stunning level of influence that could have reverberations for generations.

Trump wins the 2024 presidential election

<ul class="summary-list"><li>Robinhood is the latest platform to allow traders to wager on the 2024 election.</li><li>Notably, US citizens can make bets on the election now.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/baiju-bhatt-robinhood-cofounder-aetherflux-space-startup-satellite-constellation-energy-2024-10">Robinhood</a> on Monday became the latest platform to offer US citizens a chance to bet on the 2024 presidential election, taking advantage of a recent court ruling that opened the door to the broader public.What's notable about Robinhood's announcement is that it is open to US citizens, which isn't technically true for some of the biggest names like <a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-trump-vs-harris-betting-odds-polls-election-2024-10">Polymarket</a>. The crypto-based betting platform has received significant attention due to wagers tilting heavily toward former President Donald Trump. <a target="_blank" class="" href="https://www.businessinsider.com/trump-election-odds-polymarket-bets-polls-kamala-harris-2024-10">A "whale</a>," believed to be behind multiple accounts, is influencing the odds by placing roughly $46 million on Trump's victory.Shares of Robinhood, the platform best known for its role in the <a target="_blank" class="" href="https://www.businessinsider.com/robinhood-collapse-what-happened-retail-investing-meme-stocks-future-finance-2022-2">meme stock saga</a>, went up slightly on the heels of the announcement.Robinhood previously said it would allow investors to trade the outcome of events through its derivatives unit. For now, only the 2024 election contracts will be available."We believe event contracts give people a tool to engage in real-time decision-making, unlocking a new asset class that democratizes access to events as they unfold," Robinhood said in a news release announcing the start of the de facto election wagers.Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Kalshi, a New York-based market, prevailed in DC District Court over the <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/us-election-betting-federal-court-erred-in-letting-kalshi-launch-prediction-markets-cftc-says-1033856940">Commodity Futures Trading Commission</a>. Earlier this month, a federal appeals court upheld the ruling.CFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."Even some of the 2024 hopefuls themselves are taking notice of the wagers. Sen. JD Vance, the GOP vice presidential nominee, <a target="_blank" class="" href="https://www.businessinsider.com/jd-vance-60-percent-chance-trump-wins-betting-markets-kalshi-2024-10">recently commented</a> on Trump's Kalshi odds during an appearance on Theo Von's podcast."Honestly, I think that chart's about right," Vance said. "I think that we've probably got about a 60% chance of winning."

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How long will it take to call the 2024 US election?

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