google.com, pub-8701563775261122, DIRECT, f08c47fec0942fa0
USA

Minimum wage just went up in 19 U.S. states

Many U.S. workers are entering the new year with a raise as new minimum wage increases go into effect in states and territories across the country on Thursday.

As of December, more than 8.3 million workers are expected to benefit from minimum wage increases in 19 states; This increase will generate an estimated $5 billion in revenue across the country. Economic Policy Institute report.

Along with changes to state minimum wages, many cities and municipalities with local wage standards also increased their minimum wages on Thursday. For example, Seattle’s minimum wage $21.30 an hour and the minimum wage in Minneapolis is currently $16.37 one hour.

Minimum wage workers in Hawaii will see the biggest increase in their hourly wages. State minimum wage increased $2 per hourFrom $14 to $16. Other states where the minimum wage has increased include Arizona, California, Michigan, New Jersey and New York.

Federal minimum wage remains the same $7.25 per hourMinimum wage levels vary widely depending on where workers live; State and local laws often set significantly higher standards.

Where state minimum wage increases go into effect January 1

Arizona

  • Increased $15.15 (starting from $14.70)
  • Minimum wage with tip: $12.15 (from $11.70)

California

  • Increased $16.90 (starting from $16.50)

colorado

  • Increased $15.16 (starting from $14.81)
  • Minimum wage with tip: $12.14 (from $11.79)

Connecticut

  • Increased $16.94 (starting from $16.35)
  • Minimum wage with tip: $6.38 (no change)

Hawaii

  • Increased 16 dollars (starting from $14)
  • Tipped minimum wage: $14.75 (Starts at $12.75)

Maine

  • Increased $15.10 (starting from $14.65)
  • Minimum wage with tip: $7.55 (from $7.33)

Michigan

  • Increased $13.73 (starting from $12.48)
  • Minimum wage with tip: $5.49 (from $4.74)

Minnesota

  • Increased $11.41 (starting from $11.13)

Missouri

  • Increased 15 dollars (starting from $13.75)
  • Minimum wage with tip: $7.50 (from $6.88)

Montana

  • Increased $10.85 (starting from $10.55)

Nebraska

  • Increased 15 dollars (starting from $13.50)
  • Tipped minimum wage: $2.13 (no change)

New Jersey

  • Increased $15.92 (starting from $15.49)
  • Tipped minimum wage: $6.05 (Starts at $5.62)

new York

  • New York City, Long Island and Westchester: 17 dollars (starting from $16.50)
  • Minimum wage with tip: $11.35 (starting at $11)
  • Rest of state: $16 (starting at $15.50)
  • Minimum wage with tip: $10.65 (from $10.35)

Ohio

  • Increased $11 (starting from $10.70)
  • Minimum wage with tip: $5.50 (starting at $5.35)

Rhode Island

  • Increased 16 dollars (starting from $15)
  • Minimum wage with tip: $3.89 (no change)

south dakota

  • Increased $11.85 (starting from $11.50)
  • Tipped minimum wage: $5.93 (Starts at $5.75)

Vermont

  • Increased $14.42 (starting from $14.01)
  • Minimum wage with tip: $7.21 (from $7.01)

Virginia

  • Increased $12.77 (starting from $12.41)
  • Tipped minimum wage: $2.13 (no change)

washington

  • Increased $17.13 (starting from $16.66)

Want to give your kids the ultimate advantage? Sign up for CNBC’s new online course, How to Raise Financially Smart Kids?. Learn to develop healthy financial habits today to prepare your children for greater success in the future.

Take control of your money with CNBC Select

CNBC Select is editorially independent and may earn affiliate commissions from links.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button