Minimum Wage to Rise in Eight States

Eight states, including Arizona, Florida, and Washington, will require employers to pay non-salaried workers a minimum of 32 cents more per hour, on average, starting January 1^st. Now small businesses are looking for new ways to cut costs, as they brace for minimum wage increases.

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Some employers are examining cutting back workers’ hours, to help offset the additional costs; others are considering having employees pay a larger share of the premiums for their employer-provided health insurance.

Arizona’s current minimum wage is $7.35--it will rise to $7.65; Colorado will go from $7.36 to $7.64; Florida from $7.31 to $7.67; Montana from $7.35 to $7.65; Ohio will go from $7.40 to $7.70; Oregon from $8.50 to $8.80; Vermont from $8.15 to $8.46; and Washington from $8.67 to $9.04.