Vermont's minimum wage will increase by 63 cents on Jan. 1, 2023, according to the Vermont Department of Labor.
The bump will put the minimum wage at $13.18 an hour and increase tipped employees wages from $6.28 to $6.59 per hour. Tipped employees get a minimum of 50% of regular minimum wage.
Vermont's minimum wage increased by 80 cents last year, a part of the Vermont Legislature's decision in 2020 to raise minimum wage by $1.59 over two years before returning to an annual rate based on the Consumer Price Index, a measure of inflation, after 2022.
A bill calling for the minimum wage to be increased to $15 an hour by 2025 was introduced in the state Senate in January 2021 but never moved from committee.
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The "living wage" for a single adult in Vermont is $17.81, according to the Living Wage Calculator, a tool made by Massachusetts Institute of Technology professor Amy K. Glasmeier.
A living wage, defined by Glasmeier, is an alternative way of measuring basic needs that is based on geographically specific expenditure data and includes costs of minimum food, childcare, health insurance, housing, transportation, and other basic necessities that are not included in most measures of poverty thresholds.
Vermont's Joint Fiscal Office also prepares a Vermont basic needs budget and livable wage every biennium, the last one being published in 2021, but the report does not directly transfer to...
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