According to the Economic Policy Institute, 23 states are hiking minimum wages this year. These adjustments will benefit 8.4 million workers, women, and people of color especially says Business Insider.
A total of 23 states are hiking minimum wages this year, according to the Economic Policy Institute. (Photo: KRDO)
2023 Minimum Wage Increase in 23 States
A new year means higher minimum wages in 23 states, which leads to a pay raise for a total of 8.4 million US workers, the Economic Policy reports. Insider Juliana Kaplan noted that the rate hikes are the result of a variety of factors. This includes inflation, state legislation, and ballot measures. It will benefit women and workers of color the most.
A total of 23 states are hiking minimum wages this year, according to the Economic Policy Institute. (Photo: Business Insider)
Here Are The Adjusted Rates And Full List Of The Minimum Wage Increase In The States This 2023
Two states will get the $15-an-hour minimum for the first time due to the boosts, a salary floor that activist groups like Fight For $15 have pushed for heavily in recent years.
With the assistance of activist efforts and legislators, states and cities have been working independently to raise the rates as the federal minimum wage stagnates at $7.25, which is an amount that hasn’t increased in 13 years.
according to a report from the National Employment Law Project, while many of the adjusted rates will be effective beginning Jan. 1, others are set to come into effect later.
The complete list of states increasing the minimum wage and the new rates coming in 2023 are listed below. These are all according to the data NELP presented.
• Alaska: $10.85, up from $10.34
• Arizona: $13.85, up from $12.80
• California: $15.50, from $14 for small employers and up to $15 for large employers
• Colorado: $13.65, up from $12.56
• Delaware: $11.75 (with legislation to get up to $15 by 2025), from $10.50
• Illinois: $13 (with legislation to reach up to $15 by 2025), from $12
• Maine: from $12.75 up to $13.80,
• Maryland $12.80 for small employers and: $13.25 for large employers (with legislation to reach $15 by 2025), up from $12.50 and $12.20.
• Massachusetts: $15, up from $14.25
• Michigan: $10.10 (with pending legislation to reach up to $12.05 by 2030), from $9.87
• Minnesota: $8.63 for small employers and $10.59 for large employers, up from $10.33 and $8.42.
• Missouri: $12, up from $11.15
• Montana: $9.95 (depending on 2006 legislation), up from $9.20
• Nebraska: $10.50 (with legislation to reach up to $15 by 2026), from $9
• New Jersey: $14 for standard workers (with legislation to reach up to $15 by 2024-2027), from $13
• New Mexico: $12, up from $11.50
• New York: up to $15 for New York City and suburbs/$14.20 upstate, up from $13.20 upstate
• Ohio: $10.10 (depending on the 2006 amendment), up from $9.30
• Rhode Island: $13 (with legislation to reach up to $15 by 2025), from $12.25
• South Dakota: up to $10.80, from $9.95
• Vermont: up to $13.18, from $12.55
• Virginia: $12 (with legislation to reach up to$15 by 2026), from $11
• Washington: up to $15.74, from $14.49
READ ALSO: 2023 Wage Hike: Lowest Paid Workers About To Get A Raise
