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Nine million workers are getting a raise on January 1. Here’s where.
Starting the new year with a boost in pay, millions of low-wage earners across the United States will receive a minimum wage increase on January 1. According to data released by the Economic Policy Institute, over 9.2 million workers will be impacted by these hikes, marking a significant milestone for those working to make ends meet.
In total, 21 states are set to see their minimum pay rates rise, with some adjustments tied to inflation and others driven by legislation or ballot measures. This substantial hike aims to address the ongoing issue of stagnant wages and the increasing cost of living.
A notable aspect is that nearly half (49%) of these workers have family incomes below twice the poverty line, highlighting the pressing need for wage increases in order to support vulnerable populations. Additionally, approximately one-fifth (20%) of those affected reside in households currently below the poverty line.
The majority of states with scheduled raises will see their minimum wages increase as a result of state laws that index the rate to inflation. In contrast, legislation passed in six states and ballot measures in two others are driving wage hikes.
Some notable increases include Ohio’s minimum pay jumping to $10.70 from $10.45 due to an inflation adjustment, while Oklahoma voters will be asked to vote on increasing the base hourly wage to at least $15 an hour in June 2026.
Other states with scheduled raises include Alaska, Arizona, California, Colorado, Connecticut, Delaware, Illinois, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York City, Long Island, and Westchester.
Source: www.cbsnews.com
