The minimum wage is set to increase in twenty-one states in 2015. Beginning in January, twenty-nine states and the District of Columbia will have minimum wages higher than the federal minimum of $7.25. Washington state’s new minimum wage of $9.47 per hour will be the highest in the nation.
In Washington and eight other states (Arizona, Colorado, Florida, Missouri, Montana, New Jersey, Ohio, and Oregon), the minimum wage is rising due to annual adjustments required by state law. In four states (Alaska, Arkansas, Nebraska, and South Dakota), voters approved ballot measures in 2014 to increase the minimum wage. In seven other states (Connecticut, Hawaii, Maryland, Massachusetts, Rhode Island, Vermont, and West Virginia), legislators approved wage increases. Additionally, legislators in New York approved a wage increase that will go into effect on December 31, 2014. Delaware and Minnesota are slated to increase their respective minimum wages in mid-2015.
For more information on how using the latest workforce management solutions can help control rising payroll costs, contact MITC today.