Politics

Twenty States Set To Raise Minimum Wage On New Year's Day

| by Edward Arnold
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The states have spoken: raising the minimum wage is an issue that must be addressed. On Thursday, 20 states and the District of Columbia will have a higher minimum wage than they do now.

11 of the 20 states, and D.C., will see a rise in wages as a result of legislative action or voter-approved referendum, reports the Economic Policy Institute. The people want to see wages increase.

The nine other states will see a rise in the minimum wage because of an automatic adjustment with inflation.

EPI estimates that the rise in the minimum wage will result in $1.6 billion in additional wages and will directly impact nearly 2.3 million workers.

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The federal minimum wage is $7.25. On Thursday, 29 states will have their minimum wage above that price, according to the National Conference of State Legislatures.

This change will be the first time since 2008 that this many states will be above the federal minimum wage.

Wyoming and Georgia will be the only states to have minimum wage laws below the federal wage. Louisiana, Mississippi, Alabama, Tennessee and South Carolina will remain the only states without minimum wage laws.

Source: Washington Post, EPI, NCSL / Photo Credit: NBC News