Workers in seven states are set to get wage increases next year based on the inflation numbers released this morning.
12 states and Washington, D.C., adjust their minimum wages based on inflation and seven specifically look at the August readout. These moves were of less consequence when inflation was minimal.
Now: These kinds of adjustments have a real impact, raising the wage floor not only gives the lowest-paid workers a raise, but will ripple out to other workers.Arizona, which has a current minimum wage of $12.80; Maine, ; Montana, , Ohio, , and South Dakota . Vermont and Minnesota also index to the August number — but they cap increases to 5% and 2.5%, respectively.
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