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Wednesday, November 30, 2022
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©2022 by the Self Storage Association (SSA). SSA and SSA Magazine are trademarks of the Self Storage Association, Inc. Opinions expressed by authors and other contributors do not necessarily reflect those of the SSA, publisher or editors, nor do they represent the policy or positions of the SSA. Information contained within articles should not be construed as the primary basis for legal or investment decisions.

23

Several States Increase Minimum Wage in 2023

posted on
Several States Increase Minimum Wage in 2023

 

Several States Increase Minimum Wage in 2023

 

The federal minimum wage will remain at $7.25 / hour for 2023. However, in 2023 the minimum wage in several states is set to rise as follows.

 

 

All wage increases are effective January 1, 2023 unless otherwise noted below.

 

• Alaska - $10.85 per hour

• Arizona - $13.85 per hour

• California - $15.50 per hour

• Colorado - $13.65 per hour

• Connecticut - $15.00 per hour (June 1, 2023)

• Florida - $12.00 per hour (September 30, 2023)

• Illinois - $13.00 per hour

• Maine - $13.80 per hour

• Maryland - $13.25 per hour

• Massachusetts - $15.00 per hour

• Michigan - $10.10 (February 20, 2023)

• Minnesota - Large employers must pay at least $10.59 an hour when the employer’s annual

gross revenues are $500,000 or more. Small employers must pay at least $8.63 an hour when

the employer’s annual gross revenues are less than $500,000.

• Missouri - $12.00 per hour

• Montana - $9.95 per hour

• Nevada - $10.25 per hour (For Employers Offering

Qualifying Health Benefits) $11.25 per hour (For Employers Not Offering Qualifying Health Benefits) (July 1, 2023)

• New Jersey - $14.13 per hour for most employers (smaller employers with five or fewer employees - $12.93 per hour)

• New Mexico - $12.00 per hour

• Ohio - 10.10 per hour

• Rhode Island - $13.00 per hour

• South Dakota - $10.80 per hour

• Virginia - $12.00 per hour

• Washington - $15.74 per hour

 

In addition to these new state-imposed minimum wage requirements, members should be mindful of certain cities and counties that may impose wage mandates more than the state minimum. These are common in states such as California, New York, and Illinois. As a general rule, covered employers must pay the higher wage. Members are encouraged to consult with experienced employment counsel to ensure compliance.

 

 

 

 

 

| Categories: | Tags: 2023, Minimum Wage, Legislative, Wage, Pay, Insurance, federal minimum wage, states | View Count: (105) | Return
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