WASHINGTON — On Jan. 1, 2024, the minimum wage in Washington state will be increasing to $16.28 per hour, a 3.4% increase from the previous year, 2023. Washington has the highest state-level minimum wage in the nation for 2023.
Washington State Department of Labor & Industries calculated the new wage based on the federal Bureau of Labor Statistics’ (BLS) Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). L&I compares the CPI-W index from August of the previous year to August of the current year to make the calculation.
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The state minimum wage applies to workers age 16 and older. Employers can pay workers, between the ages of 14 and 15, 85% of the minimum wage, per state law. The wage for that younger group will be $13.84 per hour in 2024.
The new minimum salary threshold for overtime exempt employees in 2022 is two times the minimum wage. Exempt employees will have to earn at least $1,302.40 a week or $67,724.80 a year.
L&I calculates the new minimum salary based on changes in the state minimum wage. According to L&I, the change impacts how much executive, administrative, and professional workers plus computer professionals and outside salespeople must earn in salary to be exempt from the requirement to pay workers overtime.
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