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In the News: Federal minimum wage increases by state

While the federal minimum wage of $7.25 has remained the same since 2009, a number of states and municipalities will implement minimum wage increases that will go into effect in 2014. These states include California, New Jersey, New York, Connecticut and Rhode Island. There are 10 states—Arizona, Colorado, Florida, Missouri, Montana, Nevada, Ohio, Oregon, Vermont and Washington—that have minimum wages that are linked to a consumer price index; these states will announce any changes prior to January 1, with the exception of Nevada, which adjusts the minimum wage in July.

Here’s the list of changes slated to go into effect next year:
•Arizona — New minimum wage up 10 cents to $7.90 and up 10 cents also to $4.90 for tipped employees.
•California — Up a full dollar to $9.00, with San Francisco’s up 19 cents to $10.74.
•Connecticut — Up 45 cents to $8.70.
•Florida — New minimum wage up 14cents to $7.93 and up 14 cents also to $4.91 for tipped employees.
•Missouri — Up 15 cents to $7.50.
•Montana — Up 10 cents to $7.90.
•New Jersey — Up a full dollar to $8.25.
•Albuquerque, New Mexico — Albuquerque has three minimum wages: one for regular employees, one for employees whose employer pays at least $2,500 annually toward their healthcare or childcare benefits and one for tipped employees. They will climb 10 cents to $8.60 and $7.60 for the first two groups and by $1.33 to $5.16 for tipped employees.
•New York — Up 75 cents to $8.00.
•Oregon — Up 15 cents to $9.10.
•Rhode Island — Up 25 cents to $8.00 for standard employees and to $5.11 for tipped employees; the minimum cash wage a tipped employee must be paid remains $2.89.
•Vermont — Up 13 cents for standard employees to $8.73, up five cents to $4.23 for tipped employees making cash wages and up 7 cents to $4.50 for employees to whom a tip credit applies.
•Washington — Up 13 cents to $9.32.

What do you think? Should the federal minimum wage be raised?

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