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Minimum Wage Updates for 2023

Written by Megapay | Dec 14, 2022 6:06:31 PM

The Fair Labor Standards Act (FLSA) is a United States Labor Law that was introduced in 1938. The FLSA established the right to minimum wage, time-and-a-half overtime and put an end to oppressive child labor.

Since the introduction of the federal minimum wage in 1938, the US Congress has raised the minimum wage 9 times. The last time was July 24, 2009, from $6.55 to $7.25.

Currently, states like Alabama, Georgia, New Hampshire and North Carolina are aligned with the federal minimum wage at $7.25; however, there are six states that have set their hourly minimum wage to over $14 for 2023.

Both New York and New Jersey are two of the six states with hourly minimum wages above $14.

New York and New Jersey’s minimum wages are linked to the Consumer Price Index (CPI). This means their minimum wage rate is re-evaluated yearly based on the inflation rate.

New York’s minimum wage went from $13.20 in 2022 to $14.20 for 2023, an increase of one dollar. While New Jersey has increased from $13.00 to $14.13 for 2023 and is on the path to $15/hour.

The anticipated increase for New York City, Long Island & Westchester counties are still to be determined.

Employers of all sizes are required to post Labor Law notices reflecting the minimum wage rates - these can be found in State Labor Law Posters.

Click here to see if your business location has a new minimum wage in 2023 based on your state’s changes.

 

State Minimum Wage - 2022 New Minimum Wage - 2023
Alabama $7.25 $7.25
Alaska $10.34 $10.85
Arizona $12.80 $13.85
Arkansas $11.00 $11.00
California $15.00 $15.50
Colorado $12.56 $13.65
Connecticut $14.00 $14.00
Delaware $10.50 $11.75
District of Columbia $16.10 TBD
Florida $10.00 $11.00
Georgia $7.25 $7.25
Hawaii $12.00 TBD
Idaho $7.25 $7.25
Illinois $12.00 $13.00
Indiana $7.25 $7.25
Iowa $7.25 $7.25
Kansas $7.25 $7.25
Kentucky $7.25 $7.25
Louisiana $7.25 $7.25
Maine $12.75 $13.80
Maryland $12.50 $13.25
Massachusetts $14.25 $15.00
Michigan $9.87 TBD
Minnesota $10.33 $10.59
Mississippi $7.25 $7.25
Missouri $11.15 $12.00
Montana $9.20 $9.95
Nebraska $9.00 $10.50
Nevada $10.50 TBD
New Hampshire $7.25 $7.25
New Jersey $13.00 $14.13
New Mexico $11.50 $12.00
New York $13.20 $14.20
North Carolina $7.25 $7.25
North Dakota $7.25 $7.25
Ohio $9.30 $10.10
Oklahoma $7.25 $7.25
Oregon $13.50 TBD
Pennsylvania $7.25 $7.25
Puerto Rico $8.50 TBD
Rhode Island $12.25 $13.00
South Carolina $7.25 $7.25
South Dakota $9.95 $10.80
Tennessee $7.25 $7.25
Texas $7.25 $7.25
Utah $7.25 $7.25
Vermont $12.55 $13.18
Virginia $11.00 $12.00
Washington $14.49 $15.74
West Virginia $8.75 $8.75
Wisconsin $7.25 $7.25
Wyoming $7.25 $7.25