Episode Notes

What Minimum Wage Increases Will We See This Year?

• The federal minimum wage is $7.25 an hour. There are still many states adhering to that.
• In 2024, minimum wage is going up in 20 states, including Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Jersey, New York, Ohio, Oregon, Rhode Island, South Dakota, Vermont, and Washington
• A few states are hitting a $15 for minimum wages including, Delaware, Florida, Illinois, Maryland, New Jersey, New York State, or Rhode Island.
• The state with the highest minimum wage is Washington at $16.28 cents.
• Washington D.C., which is not a state, has the highest minimum wage in the country at $17 an hour.
• There are some states, particularly California, which is implementing higher minimum wages depending on the industry. So, in California, workers in the fast-food Industry are likely to have a minimum wage as much as $20 an hour.

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