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SMALL BUSINESS NEWS

10 Feb 2014

 

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Minimum Wage Increases for 2014

This year will witness the increase in minimum wages in 13 states and 4 cities.  See the minimum wage chart.  Many states have tied their increases in the minimum wage to increases in the Consumer Price Index (CPI). 

A number of states saw significant increases while others had a slight increase.  New Jersey had the largest increase of 12.12% with their rate going from $7.25 to $8.25 (an increase of $1.00). 

New York had the second largest increase of 9.38% with their rate going from $7.25 to $8.00 (an increase of $0.75). 

The locality with the lowest increase was Albequerque, New Mexico with their rate increasing only 1.16%.  Their rate changed from $8.50 to $8.60 (an increase of only $0.10). 

The two locations with the highest minimum wage rate is San Francisco, CA with $10.74 and San Jose, CA with $10.15.

The Location with the highest minimum wage rate is San Francisco with $10.74.

Currently there are five(5) states with no minimum wage law.  They include Alabama, Lousiana, Mississippi, South Carolina and Tennessee.


By Owen Daniels

 

 

 

 

 

 

 

 

 

 
 

 

  
 

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