Minimum Wage Workers Could See an Increase

Minimum wage workers in eight states could see their paychecks grow by hundreds of dollars next year.

All thanks to state laws that require annual minimum wage adjustments to keep pace with inflation.

Workers in Colorado, Montana, Ohio, Washington and Oregon will see a 28 to 37 cent hourly bump in their pay.
That translates into annual raises around $600 and $700 dollars for full-time workers, depending on where they live.
Washington workers enjoy the highest minimum wage of just over $9 dollars.
Arizona, Florida and Vermont are expected to announce a rate increase too.

The federal minimum wage stands at $7.25 per hour and was last increased in 2009.
That's just over $15,000 a year and below the poverty rate for a family of four.

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