logo
This Domain FreeCoupons.com is for sale call 805-627-1955 or click link to email
The Minimum Wage is Going Up in 2018


The Minimum Wage is Going Up in 2018

Posted on Monday, January 1st, 2018 at 5:09 pm
Pin It


moneyOne easy way to add to your savings account is to make more money. In 2018, people who are paid their state’s minimum wage will see that rate of pay go up. There are 18 states, and several cities and counties, that have decided to increase their minimum wage in 2018.

The federal minimum wage is $7.25 an hour. The Economic Policy Institute reported that at the beginning of 2018, 18 states will increase their minimum wage, providing over $5 billion in additional wages to 4.5 million workers across the United States. The Economic Policy Institute reports that the current federal minimum wage is too low. If it had kept up with productivity since the late 1960s, the federal minimum wage should be about $19 an hour in 2018.

Here is where the minimum wage will increase as of January 1, 2018:

Alaska – $9.84 (an increase of $0.04)

Arizona – $10.50 (an increase of $0.50)

California – $11.00 (an increase of $0.50) The $11.00 wage raise is for businesses with 26 or more employees. Businesses with 25 employees or fewer will offer $10.50 as minimum wage.

Colorado – $10.20 (an increase of $0.90)

Florida – $8.25 (an increase of $0.15)

Hawaii – $10.10 (an increase of $0.85)

Maine – $10.00 (an increase of $1.00)

Michigan – $9.25 (an increase of $0.35)

Minnesota – $9.65 (an increase of 0.15) The $9.65 wage raise is for businesses with annual gross revenue of $500,000 or more. The minimum wage will be $7.87 for businesses with annual gross income of less than $500,000.

Missouri – $7.85 (an increase of $0.15)

Montana – $8.30 (an increase of $0.15)

New Jersey – $8.60 (an increase of $0.16)

New York – $10.40 (an increase of $0.70) New York is complicated. The minimum wage will be $13.00 for New York City businesses with 11 or more employees. It will be $12.00 for standard New York City businesses with 10 or fewer employees. It will be $11.00 for standard workers in Long Island and Westchester. It will be $10.40 for standard workers in the rest of New York State. Fast food workers in New York City will have a minimum wage of $13.50. Fast food workers in the rest of the state of New York will have a wage of $11.75.

Ohio – $8.30 (an increase of $0.15)

Rhode Island – $10.10 (an increase of $0.50)

South Dakota – $8.85 (an increase of $0.20)

Vermont – $10.50 (an increase of $0.50)

Washington – $11.50 (an increase of $0.50)

Leave a Reply

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