Wednesday, January 2, 2013

Minimum wage going up in 10 states on New Year's Day

Jan. 1 will bring good news for minimum-wage workers in 10 states:

Table showing that minimum wages will rise on January 1, 2013, in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont, and Washington by between 10 and 35 cents an hour. High is Washington at $9.19 an hour. In nine states, the minimum wage increases because it is indexed to inflation, rising with the cost of living. Rhode Island passed a law raising its minimum wage in June, which takes effect Jan. 1. Nine other states and the District of Columbia have minimum wages above the federal rate of $7.25 an hour.

If you work full-time at $7.25 an hour, you earn $15,080 a year, just below the poverty level for a family of two. In 2013, Washington state workers will earn $19,115 for a year of full-time minimum-wage work. Of course, many minimum-wage workers aren't able to get full-time hours as their employers keep them part-time to prevent them from qualifying for benefits.

Workers in 31 states remain at $7.25 an hour, and House Republicans will continue to block the minimum wage increase that would make full-time work pay enough to keep people out of poverty.

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