31 States That Won’t Raise Minimum Wage Next Year

December 26, 2016 by Douglas A. McIntyre

Based on 24/7 Wall St. coverage, 19 states will raise their minimum wages in 2017, so 31 won’t. These are the states which won’t make the move

  1. Alabama
  2. Delaware
  3. Georgia
  4. Idaho
  5. Illinois
  6. Indiana
  7. Iowa
  8. Kansas
  9. Kentucky
  10. Louisiana
  11. Maryland
  12. Minnesota
  13. Mississippi
  14. Nebraska
  15. Nevada
  16. New Hampshire
  17. New Mexico
  18. North Carolina
  19. North Dakota
  20. Oklahoma
  21. Oregon
  22. Pennsylvania
  23. Rhode Island
  24. South Carolina
  25. Tennessee
  26. Texas
  27. Utah
  28. Virginia
  29. West Virginia
  30. Wisconsin
  31. Wyoming

The 24/7 Wall St. analysis of states and cities which will up the minimum wage

Arizona increases to $10 on Jan. 1, 2017, with future increases to $12 by 2020 and indexed for annual cost of living increases starting in 2021

Arkansas increases to $8.50 on Jan. 1, 2017

California increases to $10.50 on Jan. 1, 2017 with future increases to $15 by 2022 and indexed starting in 2023.

Small businesses with 25 employees or fewer will have an extra year to comply with increases.

Connecticut increases to $10.10 on Jan. 1, 2017

Colorado increases to $9.30 on Jan. 1, 2017, with future increases to $12 by 2020 and indexed starting in 2021

Hawaii increases to $9.25 on Jan. 1, 2017, with an increase to $10.10 in 2018

Maine increases to $9 on Jan. 1, 2017, with future increases to $12 by 2020 and indexed starting in 2021

Massachusetts increases to $11 on Jan. 1, 2017

Michigan increases to $8.90 on Jan. 1, 2017, with an increase to $9.25 in 2018

New YorkNew York City increases to $11 on Dec. 31, 2016, $13 in 2017 and $15 in 2018 for businesses with 11 employees or more; it increases to $10.50 on Dec. 31, 2016, $12 in 2017, $13.50 in 2018 and $15 in 2019 for businesses with 10 employees or fewer

Long Island and Westchester increase to $10 on Dec. 31, 2016, with future increases of $1 a year until reaching $15 in 2021

The rest of New York State increases to $9.70 on Dec. 31, 2016, with future increases to $10.40 in 2017, $11.10 in 2018, $11.80 in 2019 and $12.50 in 2020. Annual increases starting in 2021 will bring the rest of New York to $15 on a schedule to be determined based on cost of living and other indices.

Washington state increases to $11 on Jan. 1, 2017, with future increases to $13.50 by 2020 and indexed starting in 2021

Vermont increases to $10 on Jan. 1, 2017, with increase to $10.50 in 2018 and indexed starting in 2019
States with Indexing where annual Cost of Living Adjustments will take effect Jan. 1, 2017 include:

Alaska increases to $9.80
Florida increases to $8.10
Missouri increases to $7.70
Montana increases to $8.15
New Jersey increases to $8.44
Ohio increases to $8.15
South Dakota increases to $8.65

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Posted in Economy | Comments Off on 31 States That Won’t Raise Minimum Wage Next Year