Minimum wage bumps in 22 states will add billions in worker wages

Twenty-two states and an additional 38 counties and cities will increase their minimum wage Jan. 1, and a report from the Economic Policy Institute estimates workers will see $6.95 billion in added wages from the state increases.

Advertisement

The increases will affect around 9.9 million workers, according to the report, with about 58% being women and 47.4% being below twice the poverty line. The wage increases may mean hospitals will pay more for some positions.

Here is the state-by-state breakdown of the new minimum wage and the annual increase in full-time worker wages.

1. Washington
2024 minimum wage: $16.28
Annual wage increase per full-time worker: $692

2. Montana
2024 minimum wage: $10.30
Annual wage increase per full-time worker: $340

3. Minnesota
2024 minimum wage: $10.85
Annual wage increase per full-time worker: $243

4. Illinois
2024 minimum wage: $14.00
Annual wage increase per full-time worker: $633

5. Michigan
2024 minimum wage: $10.33
Annual wage increase per full-time worker: $216

6. New York
2024 minimum wage: $15.00
Annual wage increase per full-time worker: $878

7. Rhode Island
2024 minimum wage: $14.00
Annual wage increase per full-time worker: $703

8. Maine
2024 minimum wage: $14.15
Annual wage increase per full-time worker: $318

9. Vermont
2024 minimum wage: $13.67
Annual wage increase per full-time worker: $473

10. South Dakota
2024 minimum wage: $11.20
Annual wage increase per full-time worker: $343

11. Ohio
2024 minimum wage: $10.45
Annual wage increase per full-time worker: $301

12. New Jersey
2024 minimum wage: $15.13
Annual wage increase per full-time worker: $1,019

13. Connecticut
2024 minimum wage: $15.69
Annual wage increase per full-time worker: $805

14. California
2024 minimum wage: $16.00 and $25.00 for healthcare workers
Annual wage increase per full-time worker: $651

15. Colorado
2024 minimum wage: $14.42
Annual wage increase per full-time worker: $660

16. Nebraska
2024 minimum wage: $12.00
Annual wage increase per full-time worker: $933

17. Missouri
2024 minimum wage: $12.30
Annual wage increase per full-time worker: $381

18. Maryland
2024 minimum wage: $15.00
Annual wage increase per full-time worker: $1,284

19. Delaware
2024 minimum wage: $13.25
Annual wage increase per full-time worker: $1,335

20. Arizona
2024 minimum wage: $14.35
Annual wage increase per full-time worker: $492

21. Alaska
2024 minimum wage: $11.73
Annual wage increase per full-time worker: $740

22. Hawaii
2024 minimum wage: $14.00
Annual wage increase per full-time worker: $1,380

 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.