Five states with annual minimum wage adjustments have increased the minimum rate in their states. The increases are effective January 1, 2012.
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Get Your Report Now!The five states, and their minimum wage increases, are:
- Colorado—increase from $7.36 to $7.64per hour
- Montana—increase from $7.35 to $7.65 per hour
- Ohio*—increase from $7.40 to $7.70 per hour
- Oregon—increase from $8.50 to $8.80 per hour
- Washington—increase from $8.67 to $9.04 per hour
*In Ohio, employers that have a gross annual revenue below an annually adjusted revenue figure may pay their employees at the federal rate (currently $7.25 per hour). Based on the annual adjustment, the gross revenue figure is $283,000 for 2012, up from $271,000 in 2011.
Four other states are likely to announce their annual adjustments within the next few weeks. Those states are Arizona, Florida, Missouri, and Vermont.