The annual August consumer price data index was released on September 13, 2022, showing an 8.3% rise in inflation. This will trigger minimum wage increases in the following states (AZ, ME, MT, OH, SD, VT and WA). Their current minimum wage rates values are:
It should also be noted that another five states, in addition to those mentioned above – plus D.C. – adjust their wages based on inflation but do not rely exclusively upon the August Consumer Price Index inflation. Those are AK, CO, MN, NY and OR, respectively.
HR Workplace Services, Inc. (HRWS) partners with the nation’s top insurance brokers and agencies providing their clients with best-in-class services for support and HR concerns, compliance and technology. HRWS operates in all 50 States and in over 25 different countries, serving organizations from three to 200,000 employees in 545 SIC Codes.
If you have questions about HRWS, call or email us directly or ask your insurance broker about us.