Ten states and San Francisco, California have laws that require a mandatory bump in minimum wage rates. These bumps are tied to inflation and change based on increases in the Consumer Price Index (CPI). To-date, six states and San Francisco, California have announced their new minimum wage rates which will begin January 1, 2013.
Arizona’s minimum wage will jump 15 cents to $7.80, up from the current rate of $7.65. In Florida, the minimum wage will increase by 12 cents to $7.79, up from the current rate of $7.67. Let’s not overlook Montana. Their rate jumps by 15 cents to $7.80 per hour. The two “O” states, Ohio and Oregon are also increasing. Ohio’s rate will increase to $7.85 and Oregon increases by 15 cents to $8.95. Colorado has proposed a rate increase to $7.78. We’ll know for sure with this one after the technicality of a public hearing and comment period. San Francisco, California’s minimum wage is set to bump to a whopping $10.55 per hour. That’s up 31 cents!
Meanwhile, we have another substantial increase on the horizon for Rhode Island. That state passed a law that will increase the state’s wage from $7.40 to $7.75 effective January 1, 2013, that’s 35 cents folks!
We’re still waiting on Missouri, Nevada and Vermont to make their minimum wage “calls”, but until then know we’ve got you covered! Compliance Poster Company will be making updates to the mandatory State and Federal All-On-One posters in the coming weeks.
Don’t want to wait to update your company’s poster to remain in compliance? No problem. Give us a call or visit us online to place your pre-order NOW and be among the first to have your updated poster hanging on the break room wall.
We look forward to hearing from you.