A brand new yr means new resolutions — and for individuals in 21 states and the District of Columbia, it may imply more cash.
Within the coming yr, states, cities and counties throughout the U.S. will increase their minimal wage attributable to both new rulings or computerized cost-of-living will increase. A few of these locations will take part in multi-year phase-ins of comparatively giant minimal wage hikes.
Because the debates over minimal wage proceed, nevertheless, we’ll in all probability be seeing much more raises that aren’t associated to the price of dwelling sooner or later.
States That Will Increase the Minimal Wage in 2018
These states will see an increase within the minimal wage efficient January 1, 2018:
Alaska: $9.84 (+four cents)
Arizona: $10.50 (+50 cents)
California (giant corporations with greater than 25 workers): $11 (+50 cents)
California (small corporations with 25 or fewer workers): $10.50 (+50 cents)
Colorado: $10.20 (+90 cents)
Florida: $eight.25 (+15 cents)
Hawaii: $10.10 (+85 cents)
Maine: $10.00 (+$1.00)
Michigan: $9.25 (+35 cents)
Minnesota (giant corporations with greater than $500,000 in annual gross sales): $9.65 (+15 cents)
Minnesota (small corporations with lower than $500,000 in annual gross sales): $7.87 (+12 cents)
Missouri: $7.85 (+15 cents)
Montana: $eight.30 (+15 cents)
New Jersey: $eight.60 (+16 cents)
New York: Varies drastically by space and sector
Ohio: $eight.30 (+15 cents)
Rhode Island: $10.10 (+50 cents)
South Dakota: $eight.85 (+20 cents)
Vermont: $10.50 (+50 cents)
Washington: $11.50 (+50 cents)
The next states will increase the minimal wage on July 1, 2018:
District of Columbia: $13.25 (+75 cents)
Maryland: $10.10 (+85 cents)
Nevada: TBD (present wage: $eight.15)
Oregon (customary): $10.75 (+50 cents)
Oregon (city): $12.00 (+75 cents)
Oregon (non-urban): $10.50 (+50 cents)
Moreover, many cities and counties, each throughout the states listed above and never, will increase their minimal wage individually on both Jan. 1 or July 1, 2018.
In these locations, the minimal wage is usually increased than both the state or federal minimal wage (which is presently set at $7.25).
Grace Schweizer is a junior author at The Penny Hoarder.
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