Twenty-one states had minimum wage increases go into effect yesterday–and Delaware had one go into effect in October. Overall, an estimated 6.8 million people will see their paychecks increase anywhere from $0.10 an hour (Florida) to $1.50 an hour (New Mexico and Washington).
The federal minimum wage stays put at $7.25, but states are free to create their own minimum wage–whichever is higher (federal or state) is the legal lower limit for salaries. Twenty-one states use the federal minimum wage, but the rest have higher minimum wages.
Several states regularly adjust the minimum wage to account for inflation. Others are in the middle of a plan to reach a higher rate–usually $15 an hour.
To keep reading, click here: 6.8 Million People Got a Raise Yesterday. Were You One?