2014 Federal Minimum Wage Current Events and State Minimum Wage Synopsis

With all of the national talk regarding raising the minimum wage, it is very important as an employer or employee to know what is likely to happen in the near future. Congress most recently has been looking at raising the minimum wage to $10.10 per hour, up from the current $7.25. On 4/30/2014, the bill failed in the Senate. The bill would have raised the federal minimum wage up to $10.10 over 30 months and then it would adjust automatically for inflation. There are also other proposals that are being discussed.

Already in February, using an executive order, the President raised the minimum wage for federal contractors to $10.10. Currently, thirty-four states have been considering raising their minimum wages for 2014. Twenty-one states already have minimum wages greater than the federal minimum wage.

The following are states that plan to raise their minimum wage:

State Planned Date Details Future
California 7/1/2014 Increase to $9.00 $10.00 by 1/1/2016
Connecticut 1/1/2015 Increase to $9.15 $9.60 by 1/1/2016
Delaware 6/1/2014 Increase to $7.75 $8.25 by 7/1/2015
D.C 7/1/2014 Increase to $9.50 $10.50 by 7/1/2015
Hawaii By 2018 Increase to $10.10 $8.25 by 6/1/2015
Maryland 1/1/2015 Increase to $8.00 $10.50 by 7/1/2015
Minnesota 8/1/2014 Increase to $8.00 $8.25 by 7/1/2015
West Virginia 2016 Increase to $8.00 $8.75 by 1/1/2016

The following states minimum wages are adjusted according to certain factors on an annual basis:

State Current Basis of Minimum Wage
Arizona $7.90 Adjusted annually based on cost of living
Colorado $8.00 Adjusted annually based on cost of living
Florida $7.93 Adjusted annually based on cost of living
Missouri $7.50 Adjusted annually based on cost of living
Montana $7.90 Adjusted using the cost of living and Consumer Price Index
Nevada $8.25 Adjusted using the federal wage and the Consumer Price Index
New Jersey $8.25 Adjusted in September based on Consumer Price Index
Ohio $7.95 Adjusted in September based on Consumer Price Index
Oregon $9.10 Adjusted annually based on Consumer Price Index
Vermont $8.74 Adjusted by 5% or the increase of the Consumer Price Index
Washington $9.32 Adjusted annually based on Consumer Price Index
Oct 4th 2019 Donny Butts - Compliance Specialist

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