On November 4, 2014, voters in four states approved increases to minimum wage rates that will take effect over the next few years. Alaska voted to raise the minimum wage from $7.75 to $9.75 by 2016. Arkansas voted to raise the minimum wage from $6.25 to $8.50 by 2017. Nebraska voted to raise the minimum wage from $7.25 to $9.00 by 2016. South Dakota voted to raise the minimum wage from $7.25 to $8.50 next year, with future adjustments for inflation.
As we have previously posted on this blog, several states, including New Jersey, have already increased their minimum wage, while others, such as New York, have considered or are considering proposals to do the same. Many cities, most notably Seattle, have increased their minimum wage. Check back here regularly for updates on this issue.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
