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Saturday, December 27, 2014

Twenty states will raise their minimum wage on Jan. 1

Today's post was shared by Steven Greenhouse and comes from

The minimum wage will rise in 20 states and the District of Columbia on Thursday, as laws and automatic adjustments are made with the start of the new year.
In nine states, the hike will be automatic, an adjustment made to keep the minimum wage in line with rising inflation. But in 11 states and D.C., the rise is the result of legislative action or voter-approved referenda, according to the left-leaning Economic Policy Institute. Two more states — Delaware and Minnesota — will get legislatively driven hikes later in the year. Twenty-nine states will have minimum wages above the federal minimum of $7.25.
The size of the hikes range from 12 cents in Florida to $1.25 in South Dakota. Among those states hiking the minimum wage, Washington state’s will be highest at $9.47. Oregon’s is next at $9.25., followed by Vermont and Connecticut at $9.15. Massachusetts and Rhode Island will have $9 minimum wages.
Of the states where the minimum wage is rising due to legislative or voter action, five — Alaska, Michigan, Minnesota, South Dakota, Vermont — and D.C. will also newly implement inflation indexing, bringing the number of states that tie future minimum wage hikes to inflation to 15.
The minimum wage hikes will have a direct impact for nearly 2.3 million workers who currently earn less per hour than the new minimum wage. EPI estimates that an additional roughly 900,000 people would be affected indirectly, as...
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