Current:Home > StocksMinimum wage just increased in 23 states and D.C. Here's how much -Global Capital Summit
Minimum wage just increased in 23 states and D.C. Here's how much
View
Date:2025-04-28 00:07:40
Workers earning minimum wage in 23 states and the District of Columbia got a raise over the New Year's holiday, according to the Economic Policy Institute.
The biggest increase: Nebraska
As Nebraska Public Media reports, voters decided in November to increase the state's minimum wage to $15 an hour by 2026, in increments of $1.50 per year. That brings the state to $10.50 an hour for this year.
Smallest increase: Michigan
According to Michigan Radio, the state's first increase, which went into effect at the start of the year, raised the state's minimum wage to $10.10, up just $0.23. But there's a chance of a second increase that could raise the state's minimum wage to $13.03. Michigan Public Radio Network's Rick Pluta has details.
Highest minimum wage: Washington state and Washington, D.C.
In November, voters in the District of Columbia decided to phase out the region's tipped minimum wage over the next few years to match the District's $16.10 per hour for workers. As DCist's Amanda Michelle Gomez explains, "the measure's success also comes four years after the passage of a nearly identical initiative and its subsequent overturn by the D.C. Council."
Meanwhile in Washington state, not only has the state's minimum wage gone up by $1.25 to $15.74 an hour, but as KUOW reports, the city of Seattle has raised the minimum wage for small and large employers by $0.75 and $1.42, respectively.
States where minimum wage is tied to cost of living saw a bigger bump than in years past
As a result of the recent high inflation, minimum wage increases in states where cost of living is taken into consideration were greater than in years past, according to the Economic Policy Institute. Those include: Alaska, Arizona, California, Colorado, Maine, Minnesota, Montana, New Jersey, New York, Ohio, South Dakota, Vermont and Washington state.
Plus:
— Minimum wage is expected to increase to over $13 an hour across New England in 2023, except in New Hampshire, where it has stayed at $7.25 for over a decade.
— The Columbus, Ohio, city council is raising minimum wage for workers at companies receiving economic incentives from the city to $20 an hour.
The full list of increases
veryGood! (8)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- U.S. Biathlon orders audit of athlete welfare and safety following AP report on sexual harassment
- In case over Trump's ballot eligibility, concerned voters make their own pitches to Supreme Court
- Taylor Swift drops track list for new album, including two collaborations
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- At least 99 dead in Chile as forest fires ravage densely populated areas
- Could We Be Laughing Any Harder At This Jennifer Aniston and David Schwimmer Friends Reunion
- Jam Master Jay dabbled in drug sales ‘to make ends meet,’ witness testifies
- Highlights from Trump’s interview with Time magazine
- The head of FAA pledges to hold Boeing accountable for any violations of safety rules
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Why the NBA trade deadline is so crucial for these six teams
- Executive Producer of Eras Tour, Baz Halpin, is mastermind behind Vegas Show 'Awakening'
- Everyone hopes the Chiefs-49ers Super Bowl won’t come down to an officiating call
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Jennifer Beals was in 'heaven' shooting T-Mobile's 'Flashdance' Super Bowl commercial
- Derek Hough's Wife Hayley Erbert Shows Skull Surgery Scar While Sharing Health Update
- Connecticut remains No.1, while Kansas surges up the USA TODAY Sports men's basketball poll
Recommendation
The company planning a successor to Concorde makes its first supersonic test
AMC Theatres offer $5 tickets to fan favorites to celebrate Black History Month
Democrats are defending their majority in the Pennsylvania House for 4th time in a year
Mississippi will spend billions on broadband. Advocates say needy areas have been ignored
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
In case over Trump's ballot eligibility, concerned voters make their own pitches to Supreme Court
'Vanderpump' star Ariana Madix sees 'Chicago' musical break record after Broadway debut
Brother of dead suspect in fires at Boston-area Jewish institutions is ordered held