On January 1, workers in 13 states will receive a higher paycheck due to increases in minimum wage. Most of the increases amount to less than 15 cents an hour. 

From CNN:

Earlier this year, New Jersey residents voted to raise the state’s minimum wage by $1 to $8.25 per hour. And lawmakers voted to hike the wage by between 25 cents and 75 cents per hour, to $8.70 in Connecticut and $8 in Rhode Island and New York.

Residents in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont and Washington will see a higher wage floor due to annual cost of living adjustments.

Read more at CNN

The Economic Policy Institute estimates that the increases will boost the incomes of 2.5 million low-wage workers next year. Currently 19 states have minimum wages that are higher than the federally mandated rate of $7.25 per hour.

What should the minimum wage be?

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