By Andy Medici
The Business Journals, The Playbook, Dec 28, 2022, Updated Dec 29, 2022. In Washington Business Journal, Boston Business Journal, St. Louis, Dayton, Minneapolis/St. Paul, Milwaukee, Dallas, Kansas City, Phoenix, Charlotte, Memphis, Orlando, Philadelphia, Portland, Sacramento and many other business journals.
... About 23 states are raising their minimum wages to ring in the new year, while four more states have increases scheduled later in the year, according to an analysis by Business for a Fair Minimum Wage, an advocacy group that supports raising the federal minimum wage from $7.25 to $15 an hour by 2025.
“Minimum wage increases are a great boost for the new year,” said Holly Sklar, CEO of Business for a Fair Minimum Wage, in a press release. “These needed raises don’t stay in workers’ pockets. They energize communities, as workers and their families have more to spend at local businesses."
Soaring inflation was a factor in several minimum-wage increases across the country, whether it was from voters or from previous laws tied to the Consumer Price Index. ...
High inflation has also cut into pay gains by workers, outpacing most salary gains across the country, according to an analysis by The Business Journals. ...
Here are all the states raising the minimum wage in 2023, including states with automatic increases from prior legislation and those that enacted higher minimum wages through new legislation or referendums, according to a list compiled by Business for a Fair Minimum Wage ...