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Are The Effects of the Minimum Wage Starting To Show Up?

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Harrison Roger
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Seventeen states increased their minimum wages in 2014. Most of the changes happened early in the year, starting with New York increasing its minimum wage from $7.25 to $ per hour on New Year’s Eve 2013.

New York’s increase was joined by new higher minimums on January 1, 2014 in Washington ($9.32), Oregon ($9.10), Vermont ($8.73), Connecticut ($8.70), New Jersey ($8.25), Rhode Island ($8.00), Colorado ($8.00), Ohio ($7.95), Ohio ($7.95), Florida ($7.93), Montana ($7.90), Arizona ($7.90), Missouri ($7.50).

Later in the year, Delaware ($7.75), Washington, D.C. ($9.50), California ($9.00), Minnesota ($8.00), and Michigan ($8.15) imposed higher minimum wages as well.

Higher minimum wage by States

Some states tied their minimum wages to inflation or limited the new higher minimums to certain size...

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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.