Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C.
Kevin Dietsch | Getty Images News | Getty Images
As the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage.
That's occurring as the federal minimum wage stands pat at $7.25 per hour — the same rate since 2009.
But many states and cities have put their own rates in place, and most of them are poised to increase in the new year.
A total of 26 states have announced that higher minimum wages will be introduced during 2023, with one more state likely to see an adjustment in July, according to research from payroll experts at Wolters Kluwer Legal & Regulatory U.S.
Meanwhile, 23 states and Washington, D.C., according to the Economic Policy Institute, will implement higher minimum wages on Jan. 1. Those increases, which will range from 23 cents to $1.50 per hour, will affect 8 million workers.
The state poised to provide the highest minimum pay rate is Washington, at $15.74 per hour, according to Wolters Kluwer.
Workers under the age of 16 in that state will be paid $13.38 per hour starting in 2023, or 85% of the adult minimum wage.
The minimum wage in Washington, D.C., will be $16.10 per hour.
Washington, D.C., and 13 states tie their minimum wages to the consumer price index, a government measure for the average change consumers pay for certain goods and services.
watch now
"There's quite a...
Read Full Story:
https://news.google.com/__i/rss/rd/articles/CBMiWGh0dHBzOi8vd3d3LmNuYmMuY29tL...