22 States to Raise Minimum Wage in New Year, Benefiting Nearly 10 Million Workers

The wage hikes, which will result in almost $7 billion in additional annual wages, come amid high inflation rates and a stagnant federal minimum wage.

Minimum wage increases will go into effect on January 1 across 22 states, benefiting nearly 10 million workers.
The wage hikes will result in almost $7 billion in additional annual wages, with baseline pay rising to at least $16 an hour in California, New York, and Washington.
The wage increases come as workers grapple with inflation, which hit a 40-year high in 2022.
The federal minimum wage remains at $7.25 an hour, unchanged since 2009, despite inflation rising by over 40% since then.
Three more states — Florida, Nevada, and Oregon — will raise their minimum wages later in 2024.