Current:Home > FinanceMinimum wage just increased in 23 states and D.C. Here's how much -Profound Wealth Insights
Minimum wage just increased in 23 states and D.C. Here's how much
View
Date:2025-04-14 02:57:23
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! (96)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Taylor Swift gifts 7-year-old '22' hat after promising to meet her when she was a baby
- Judge sets date for 9/11 defendants to enter pleas, deepening battle over court’s independence
- Federal judge orders Oakland airport to stop using ‘San Francisco’ in name amid lawsuit
- Trump's 'stop
- Wildfires burn on both coasts. Is climate change to blame?
- 'Cowboy Carter' collaborators to be first country artists to perform at Rolling Loud
- Lady Gaga Joins Wednesday Season 2 With Jenna Ortega, So Prepare to Have a Monster Ball
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Exclusive Yankee Candle Sale: 50% Off Holiday Candles for a Limited Time
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Military veteran gets time served for making ricin out of ‘curiosity’
- Federal judge denies request to block measure revoking Arkansas casino license
- Michelle Obama Is Diving Back into the Dating World—But It’s Not What You Think
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Patrick Mahomes Breaks Silence on Frustrating Robbery Amid Ongoing Investigation
- American arrested in death of another American at luxury hotel in Ireland
- Does the NFL have a special teams bias when hiring head coaches? History indicates it does
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Prosecutors say some erroneous evidence was given jurors at ex-Sen. Bob Menendez’s bribery trial
Stop smartphone distractions by creating a focus mode: Video tutorial
Georgia remains part of College Football Playoff bracket projection despite loss
Nearly half of US teens are online ‘constantly,’ Pew report finds
Quincy Jones' Cause of Death Revealed
Incredible animal moments: Watch farmer miraculously revive ailing chick, doctor saves shelter dogs
Jessica Simpson's Husband Eric Johnson Steps Out Ringless Amid Split Speculation