Minimum Wage Increases for 2013

We’re well into 2013, but if you’re just now hiring someone in the middle of the year, you may not know that a few states had minimum wage increases in 2013. 10 of them – to be exact!Minimum Wage Increases for 2013

Let’s review:

  • Arizona – $7.80
  • Colorado – $7.78
  • Florida – $7.79
  • Missouri – $7.35
  • Montana – $7.80
  • Ohio – $7.85
  • Oregon – $8.95
  • Rhode Island – $7.75
  • Vermont – $8.60
  • Washington – $9.19

Federal minimum wage remains at $7.25/hour, although that may change in the near future.  President Obama has proposed indexing the minimum wage to inflation so that it increases each time the cost of living increases. The Fair Minimum Wage Act of 2013 has been introduced in the U.S. Senate and House of Representatives and if passed would raise the federal minimum wage to $10.10 per hour by the year 2015. The minimum wage would then be adjusted each year after that to keep up with the rising cost of living.

Currently, the federal minimum wage of $7.25/hour supersedes state minimum wage laws where the federal minimum wage is greater than the state minimum wage. In states where the state minimum wage is greater than the federal minimum wage, the state minimum wage takes precedence.

Need help sorting through minimum wage laws? Ask your PEO! If you are not currently working with a PEO or payroll service provider, contact PEO Advantage today to learn more. Wage and hour laws can be complex – but you don’t have to face them alone!

Leave a Reply

Your email address will not be published. Required fields are marked *