Minimum Wage Will Increase: Multiple states are planning to raise their minimum wages in 2023, despite the fact that there will be no adjustments made to the federal-level minimum wage. The federal minimum wage in the United States is currently set at $7.25, and this rate has not been adjusted since 2009. There are currently 15 states with minimum wage rates that are comparable to the federal minimum wage. This number is down from 16 states in the previous year.
Minimum Wage Will Increase in Oregon and Washington Among Other States
At the beginning of the new year, the minimum wage in 27 states will be raised to a higher level. The majority of them will go into effect on January 1, while some won’t start until later in 2023 at the earliest.
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After an increase from its previous minimum wage rate of $15, which it established in 2022, California will have the highest minimum wage rate of $15.50. Only the District of Columbia’s minimum wage of $16.10 an hour is higher than that of any other state. According to the information provided by the District of Columbia’s Department of Employment Services, the minimum wage will be up once more in July 2023 in a manner that is proportional to the growth in the Consumer Price Index.
The minimum wages in Oregon and Nevada are not scheduled to increase until July 2023 at the earliest. The rate in Oregon will then increase from its present level of $13.50 to an amount that has not yet been set but will be dependent on the Consumer Price Index. This index is published by the United States Bureau of Labor Statistics. The state of Nevada is planning to raise its minimum wage to $10.25 per hour for companies that offer qualifying health benefits and to $11.25 per hour for those who do not.
The minimum wage in Connecticut and Massachusetts will reach $15 per hour as a result of scheduled hikes in both states, which will bring Connecticut’s minimum wage to par with Massachusetts’. There are now six additional states that are one step closer to attaining that milestone in 2023:
- New Jersey by 2024
- Delaware, Illinois, Maryland, and Rhode Island by 2025
- Florida and Maryland (for small employers) by 2026
These states are raising their minimum wages in 2023 https://t.co/wdveenFhk0
— KFOR (@kfor) December 26, 2022
At the end of September, Florida’s minimum wage will start creeping up incrementally higher than it was before.
The following is an interactive map that illustrates the areas that will and will not see changes to their respective minimum wages in 2023:
Despite the fact that more than half of the United States is getting ready to implement a minimum wage increase in the new year, the hourly rate of the minimum wage in twenty states has remained the same as the federal rate of $7.25.
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The standard minimum wage in Alabama, Louisiana, Mississippi, South Carolina, and Tennessee is the same as the federal standard because these states have not passed their own state minimum wage laws.
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