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These 20 states are increasing their minimum wage by Jan. 1


#Employees in 20 states are about to see a pay increase as minimum wage rates are set to increase by #Friday.

The bump in pay comes as part of a previously-scheduled effort to adjust for cost-of-living gains — or to ratchet up toward goals like $15 an hour minimum wage, CNN reported.

#According to payroll experts at #Wolters #Kluwer #Legal & #Regulatory U.S., #Connecticut, #Florida, #Nevada, #Oregon, and #Virginia will raise their minimum wage later in the year.

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#On #Thursday, #New #York is slated to increase its minimum wage by 70 cents to $12.50.

#In #California, employees who work at a company that has 26 or more employees will see their rate rise from $13 to $14 an hour.

#In #New #Mexico, the minimum wage will increase from $9 an hour to $10.50.

#In #Minnesota, the minimum wage is gaining 8 cents to $10.08.

#According to #Paycor, #Georgia and #Wyoming are the two states with the lowest minimum wage with $5.15. #But since employers in those states are subject to the #Fair #Labor #Standards #Act, #Georgia and #Wyoming must still pay their employees the $7.25 #Federal minimum wage.

The federal minimum wage became effective #July 24, 2009, according to the U.S. #Department of #Labor.

The state with the highest minimum wage applying to all companies is #Washington at $13.69.

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#Below is the complete list of all 24 states who are set to increase minimum wage in their state effective #Jan. 1 (unless otherwise noted):

#Alaska – $10.34
#Arizona – $12.15
#Arkansas – $11
#California – $14
#Colorado – $12.32
#Connecticut – $12 to $13 effective #August 1, 2021
#Florida – $8.56 to $8.65 by #Jan. 1. $8.65 to $10 effective #September 30, 2021
#Illinois – $11
#Maine – $12.15
#Maryland – $11.75
#Massachusetts – $13.50
#Minnesota – $10.08
#Missouri – $10.30
#Montana – $8.75
#Nevada – $9 to $9.75 effective #July 1, 2021
#New #Jersey – $12
#New #Mexico – $10.50
#New #York – $11.80 to $12.50 effective #Dec. 31, 2020
#Ohio – $8.80
#Oregon – $13.25 to $14 effective #July 1, 2021
#South #Dakota – $9.45
#Vermont – $11.75
#Virginia – $7.25 to $9.50 effective #May 1, 2021
#Washington – $13.69

#According to #President-elect #Joe #Biden’s #Empower #Worker initiative, he will try to raise the federal minimum wage to $15 an hour.





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https://www.thedenverchannel.com/news/national/these-20-states-are-increasing-their-minimum-wage-by-jan-1

#states #increasing #minimum #wage ##Jan

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