Effective January 1, 2020, twenty-one states, as well as multiple municipalities and counties, will raise their minimum wage rate. The chart below highlights the changes.
Minimum Wage Increases Beginning January 1, 2020*
|State or Municipality||Effective Date||Min. Wage||Tipped Min. Wage|
*Minimum Wage changes happen rapidly. It’s always a good idea to check with an accounting professional prior to implementing any modifications to your company’s pay structure.
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The information contained in this article is intended for educational purposes and to provide a general understanding of regulatory events, legislative changes and the law – not to provide specific legal advice.