The minimum wage will increase in 2012 in eight states with minimum wages which adjust each year to keep pace with inflation. Colorado, Montana, Ohio, Oregon, Arizona, Florida, Vermont and Washington announced increases effective January 1, 2012. Ten states will increase the minimum wage in 2013. Here's a list of 2013 minimum wage increases.
States With Minimum Wage Increases
- Arizona: $7.65
- Colorado: $7.64
- Florida: $7.67
- Montana: $7.65
- Ohio: $7.70
- Oregon: $8.80
- Washington: $9.04
- Vermont: $8.46
The Federal Minimum Wage is $7.25 for covered non-exempt employees with some exceptions for certain types of workers, but, as you can see some states pay more than the minimum.
The last increase in the Federal Minimum Wage was in 2009. However, the Fair Minimum Wage Act of 2012 has been introduced in Congress. If passed it would increase minimum wage to $9.80 by 2014.
Use the Department of Labor's State Minimum Wage Rates chart to get information on the minimum wage in your location and information on when employers must pay overtime.