States raising their minimum wage in 2014

The following states raised their minimum wage in 2014:

Connecticut: Connecticut’s hourly minimum wage will increase incrementally to $10.10 over the next three years.

Delaware: Delaware’s minimum wage will increase to $8.25 an hour, effective June 1, 2015.

Hawaii: Hawaii’s minimum wage will increase to $10.10 per hour over the next four years.

Maryland: Maryland raised its minimum wage to $10.10 an hour by July 2018

Massachusetts: A new law will gradually raise the minimum wage in the state to $11 per hour by 2017,

MichiganA new law will increase the state’s minimum hourly wage to $9.25 per hour by Jan. 1, 2018

Minnesota: The state’s minimum wage increased on Aug. 1, 2014, to $8 per hour for large employers (>$500k in gross sales).  to $9.50 on Aug. 1, 2016. Beginning in 2018, the wage will be indexed to inflation to a maximum increase of 2.5 percent per year.

Rhode Island: The state’s minimum wage will increase to $9 per hour, effective Jan. 1, 2015.

Vermont: The state’s minimum wage will rise to $10.50 an hour by 2018.  After 2018, annual cost-of-living increases of either 5 percent or if it is lower, a rate calculated by the federal Department of Labor annually that is tied to the consumer price index.

West Virginia: The state’s hourly minimum wage will increase to $8 on Jan. 1, 2015, and increase to $8.75 the following Jan. 1, 2016.

Washington, D.C.: The Minimum Wage Amendment Act of 2013 will increase the district’s minimum hourly wage in three steps to $11.50 by July 1, 2016

-See more at: http://www.shrm.org/legalissues/stateandlocalresources/pages/states-minimum-wage-2014.aspx#sthash.YFK7jjgC.dpuf

 

Published by

Dwight Steward, Ph.D.

Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics.