20 states increased minimum wage levels on January 1, 2017. They are:

  • Washington DC   +$ 1.00   to  $ 12.50
  • Mass.                     +    1.00   to     11.00
  • Washington         +    1.53    to     11.00
  • California              +    .50     to     10.50
  • Conn                      +    .50     to     10.10
  • Vermont                +   .40     to     10.00
  • Arizona                  +  1.95     to     10.00
  • Alaska                    +    .05     to      9.80
  • New York               +   .70     to      9.70
  • Colorado                +   .99     to      9.30
  • Maryland               +   .50     to      9.00
  • Hawaii                    +   .75      to     9.00
  • Maine                    +  1.50     to      9.00
  • Michigan                +  .40     to      8.90
  • South Dakota        +  .10      to      8.65
  • Arkansas               +   .50     to      8.50
  • New Jersey           +   .06      to     8.44
  • Ohio                       +   .10      to     8.15
  • Montana               +   .10      to     8.15
  • Florida                  +   .05     to      8.10
  • Missouri               +   .05     to      7.70

21 states, including Tennessee and Virginia, follow the federal-minimum wage rate which is $7.25. (Thconstruction-646914_640ere is plenty of discussion in Congress regarding raising that national rate as it has not been raised since 2009.) More than half of the 29 other states automatically adjust their minimum wage annually to keep pace with inflation. In the remaining states, a law must be passed to raise the pay floor. There are also a number of cities, including Chicago, Los Angeles and Seattle, that have set minimum wages above state levels.

Economists are mixed as to the stimulative effects of raising minimum wage. While some argue that the increased income stimulates consumer spending and thus increases economic activity, as well as the well-being of the employees, others argue that the increased labor costs reduce the number of those employed and promote the need for more automation. While it takes a few years to study the economic effects, Arizona should be a good market to analyze. It is estimated that over 11% of the current employee base will get about a 25% increase in their wages on January 1.

 

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