In my previous post, Will Employers Really Have to Pay for Pot Smoking College Interns?, I predicted that 2014 would bring changes in the minimum wage landscape. Many thanks to those who have proved me right so far.
- On February 12, 2014, President Obama signed an executive order increasing the minimum wage for federal contractors from the nationwide minimum wage of $7.25 per hour to $10.10 per hour. The Executive Order will take effect on January 1, 2015.
- Earlier this year, Gap announced that it would be raising its minimum hourly pay to $9.00 per hour for the remainder of 2014. In 2015, the minimum hourly pay will increase again to $10.00 per hour. The pay raises apply across all of Gap’s brands including Old Navy, Banana Republic, and Athletica.
- As of May 5, 2014, 38 states had considered minimum wage bills during the 2014 session and 34 states are considering increases to the state minimum wage.
- Six jurisdictions have increased their minimum wage in 2014.
Do the states in which your company operates have a minimum wage above the federal minimum wage? Hit the jump to find out.
States with minimum wages that are higher than the federal minimum wage:
- Alaska ($7.75)
- Arizona ($7.90)
- California ($8.00, increasing to $9.00 on July 1, 2014)
- Colorado ($8.00)
- Connecticut ($8.70)
- Delaware (increasing to $7.75 as of June 1, 2014)
- Florida ($7.93)
- Illinois ($8.25)
- Maine ($7.50)
- Massachusetts ($8.00)
- Missouri ($7.50)
- Montana ($7.90)
- Nevada ($8.25 if no health benefits are offered)
- New Jersey ($8.25)
- New Mexico ($7.50)
- New York ($8.00)
- Ohio ($7.95 for employers grossing over $283,000)
- Oregon ($9.10)
- Rhode Island ($8.00)
- Vermont ($8.73)
- Washington ($9.32)