Business Costs & Regulation

How High Will Your State's Minimum Wage Be on January 1, 2017?

By the start of next year, 29 states and Washington, D.C., will have minimum wages higher than the federal level.

Wage inequality remains one of the hottest issues of the 2016 presidential campaign. Hillary Clinton, the presumptive Democratic Party nominee, supports a federal minimum wage of $12 an hour; she has also shown support for local rates of $15 an hour. Presumptive Republican nominee Donald Trump has been less clear. During a November GOP primary debate, Trump said, “Wages [are] too high. We're not going to be able to compete against the world. I hate to say it, but we have to leave it where it is.” In a Meet the Press interview last month, Trump showed support for an “increase of some magnitude,” although he argued that this increase should come from the states rather than federal legislation.

The federal minimum wage has remained the same since it was raised to $7.25 an hour in 2009. In lieu of federal action, many states have started to raise wages on their own. For instance, New York will gradually raise its minimum wage to $15 an hour, with large businesses in New York City reaching the benchmark by the end of 2018 and other jurisdictions reaching it on an indexed schedule beginning in 2021. California will raise its minimum wage to $15 an hour as of January 1, 2022, for large employers and January 1, 2023, for small employers. Washington, D.C. will raise its minimum wage to $15 an hour as of July 1, 2020. Hawaii, Maryland and Vermont all will have minimum wages higher than $10 an hour as of January 1, 2018.

By the start of next year, 29 states and Washington, D.C., will have minimum wages higher than the federal level. In the infographic below, we compare minimum wages, as of 2017, across the states:

View larger image

Thinkstock

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
7 Best Commodity Stocks to Play the Coming Boom
commodities

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.
September 8, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021

Recommended

The Pandemic Pet Problem
Coronavirus and Your Money

The Pandemic Pet Problem

Lisa Gretebeck used telemedicine and other creative ways to handle a surge of new cat and dog patients.
August 29, 2021
Tying the Knot Post-Pandemic
Business Costs & Regulation

Tying the Knot Post-Pandemic

This wedding planner is gearing up for a full fall season amid continuing concerns about safety.
July 28, 2021
Fintech: The Bank Disrupters
Financial Planning

Fintech: The Bank Disrupters

Fintechs offer mostly free accounts with tantalizing yields and slick features, but don’t expect much hand-holding.
July 25, 2021
The Most Expensive Natural Disasters in U.S. History
Economic Forecasts

The Most Expensive Natural Disasters in U.S. History

Wind, water, fire and drought have all wreaked havoc on the United States. What’s been the worst?
July 1, 2021