"The 19 states hiking wages will impact over 8 million workers, an analysis from the Economic Policy Institute, a left-leaning think tank, found. Women, Black, and Hispanic workers are set to be disproportionately affected by the new increases, per EPI's analysis, and workers in states like Missouri and Nebraska will see their annual wages increase by nearly $1,000 on average."
"Most January increases are due to inflation adjustments, although some are tied to legislation or ballot measures, such as in Rhode Island, where legislation set a gradual increase from $15 in 2025 to $17 by 2027. The minimum wage there will reach $16 on January 1, 2026. A few states will hike their minimum wage later this year; Florida will increase its minimum by a dollar to $15 at the end of September."
Nineteen states will raise minimum wages in January, affecting more than 8 million workers. Six states will reach at least $15 per hour for the first time. Women, Black, and Hispanic workers will be disproportionately affected by the increases. Most January increases are due to inflation adjustments, while others result from legislation or ballot measures. Rhode Island's minimum will reach $16 on January 1, 2026, on a scheduled path to $17 by 2027. Florida will raise its minimum to $15 at the end of September. Workers in Missouri and Nebraska will see average annual wages rise by nearly $1,000.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]