Nearly half of U.S. states will ring in the new year with higher minimum wages, with 30, as well as the District of Columbia, now over the federal rate of $7.25, a rate that’s not changed for more than a decade.
In total, 25 states will see boosts to their minimum hourly pay requirement in 2022, according to data from the Economic Policy Institute and the National Conference of State Legislatures. Four states—Oregon, Florida, Nevada, and Connecticut—will phase in their increases later in the year.
Eight of those will be bumping their minimum based on the consumer price index, ...