- Alaska: From $10.85 per hour to $11.73.
- Arizona $13.85 to $14.35.
- California: $15.50 to $16.
- Colorado: $13.65 to a proposed $14.42.
- Connecticut: $15 to $15.69.
- Delaware: $11.75 to $13.25.
- Hawaii: $12 to $14.
- Illinois: $13 to $14.
- Maine: $13.80 to $14.15.
- Maryland: All wages will rise to $15, up from $13.25 for large employers and $12.80 for small businesses.
- Michigan: $10.10 to $10.33.
- Minnesota: For large employers, wages will jump from $10.59 to $10.85. For others, wages will rise from $8.63 to $8.85.
- Missouri: $12 to $12.30
- Montana: $9.95 to $10.30.
- Nebraska: $10.50 to $12.
- New Jersey: $14.13 to $15.13.
- New York: $14.20 to $15 everywhere except in New York City, Westchester, and Long Island, where the wage is set to rise from $15 to $16.
- Ohio: $10.10 to $10.45.
- Rhode Island: $13 to $14.
- South Dakota: $10.80 to $11.20.
- Vermont: $13.18 to $13.67.
- Washington: $15.74 to $16.28.
According to U.S. Department of Labor Statistics data, 78.7 million workers aged 16 and above were paid at hourly rates last year. This represented 55.6 percent of all wage and salary workers.
Economic Gain Versus Loss
It’s hotly debated whether raising the minimum wage would boost the U.S. economy or end up hurting it.She said that raising the minimum wage will “strengthen businesses and our economy.”
“Minimum wage increases don’t stay in workers’ pockets. They boost the consumer spending that drives business and the economy,“ she said. ”Fair wages also help businesses hire and retain employees and deliver the reliable product quality and customer service that leads to repeat customers instead of lost customers.”
Multiple reports have warned about job losses from raising the minimum wage.
“To the extent minimum wages cause disemployment of low-skill workers, the lost job can exacerbate existing economic insecurity and lessen ability to pay for housing. Even if employers do not cut total employment, however, minimum wages might induce churn in the labor market,” the report stated.
“Relatively high-skill workers might enter the labor force at the higher minimum and displace those with lower skills. Current residents previously out of the labor force might enter to capture the higher minimum, or workers from other geographies might migrate for the higher wage.”
The new law “will leave hospitals no choice but to ... cut positions and services in order to comply with the bill,” the California Hospital Association warned in an analysis.
“With fewer positions and potentially fewer providers, healthcare professionals will have fewer opportunities, be at heightened risk of job loss, and have less flexibility in the positions that are available.”