Several States Raising 2023 Minimum Wage

As the new year quickly approaches, several of the United States are raising their minimum wages for 2023, according to an article by masslive.com.

At least 23 states, along with Washington, D.C., will be increasing their minimum wage next year. Those states are Alaska, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, Ohio, Rhode Island, South Dakota, Virginia, Vermont, and Washington.

Oregon also will adjust its minimum wage, based on the increase, if any, to the Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCNS). A Michigan court has paused that state’s planned increase until at least February 2023, according to mlive.com. Nevada still needs a final vote to approve its planned wage hike.

Four states—California, Connecticut, Massachusetts, and Washington—will have minimum wages starting at US$15 an hour or higher in 2023. Washington will have the highest minimum wage, which will increase to $15.74 an hour next year.

According to the Economic Policy Institute, seven states continue to have either no state-mandated minimum wage or a stated minimum wage that’s lower than the federal minimum wage: Alabama, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, and Wyoming. In these states, the federal minimum wage of $7.25 an hour, which has not changed since 2009, applies.