Current:Home > MyMinimum wage just increased in 23 states and D.C. Here's how much -Nova Finance Academy
Minimum wage just increased in 23 states and D.C. Here's how much
View
Date:2025-04-16 23:11:54
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! (3477)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Ransomware attack on China’s biggest bank disrupts Treasury market trades, reports say
- Man who narrowly survived electrical accident receives world's first eye transplant
- Los Angeles to pay $8M to man who spent 12 years in prison for armed robberies he didn’t commit
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Are the Oakland Athletics moving to Las Vegas? What to know before MLB owners vote
- Jerome Powell's fed speech today brought interest rate commentary and a hot mic moment
- Crew aboard a U.S.-bound plane discovered a missing window pane at 13,000 feet
- Bodycam footage shows high
- France blames Russia for a digital effort to whip up online controversy over Stars of David graffiti
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Escapee captured after 9 days when dog bark alerted couple pleads guilty in Pennsylvania
- RHOBH's Crystal Kung Minkoff Says These Real Housewives Were Rude at BravoCon
- Bears vs. Panthers Thursday Night Football highlights: Chicago holds on for third win
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Maryland woman wins over $200,000 from Racetrax lottery game after husband criticizes her betting strategy
- If You Need Holiday Shopping Inspo, Google Shared the 100 Most Searched for Gift Ideas of 2023
- Taylor Swift returns to Eras Tour in 'flamingo pink' for sold-out Buenos Aires shows
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Former New Mexico State players charged with sex crimes in locker-room hazing case
Nonbinary teacher at Florida school fired for using 'Mx.' as courtesy title
How to avoid Veterans Day scams: Tips so your donations reach people who need help
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Fraternity and bar sued over 2021 death of University of New Hampshire student
Erdogan backtracks after siding with court that defied top court’s ruling on lawmaker’s release
RHOBH's Crystal Kung Minkoff Says These Real Housewives Were Rude at BravoCon