President-elect Biden has promised to raise the federal minimum wage to $ 15 an hour, which could result in job losses and the closure of small businesses. Hillary Vaughn from FOX Business with more.
A new year will bring higher wages for workers in some states, as minimum wage increases are expected to take effect.
Florida made headlines in November, when voters passed a measure that would gradually raise the state’s minimum wage to $ 15 an hour by 2026.
California, Connecticut, Illinois and Maryland are among the other states that have approved their own ways to reach $ 15 an hour over time.
See the states where wages will rise in 2021.
FLORIDA APPROVES $ 15 MINIMUM WAGE, THESE ARE THE OTHER STATES THAT ALSO
Alaska
Current rate: $ 10.19 per hour
2021 fee: $ 10.34 per hour
Arizona
Current rate: $ 12 per hour
2021 fee: $ 12.15 per hour
Arkansas
Current rate: $ 10 per hour
2021 fee: $ 11 per hour
California
Current rate: $ 13 per hour
2021 fee: $ 14 per hour (large employers)
Colorado
Current rate: $ 12 per hour
2021 fee: $ 12.32 per hour
Florida
Current rate: $ 8.56 per hour
2021 fee: $ 8.65 per hour
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Illinois
Current rate: $ 10 per hour
2021 fee: $ 11 per hour
Maine
Current rate: $ 12 per hour
2021 fee: $ 12.15 per hour
Maryland
Current rate: $ 11 per hour
2021 fee: $ 11.75 per hour
Massachusetts
Current rate: $ 12.75 per hour
2021 fee: $ 13.50 per hour
Minnesota
Current rate: $ 10 per hour
2021 fee: $ 10.08 per hour (large employers only)
Missouri
Current rate: $ 9.45 per hour
2021 fee: $ 10.30 per hour
Montana
Current rate: $ 8.65 per hour
2021 fee: $ 8.75 per hour
Nevada
Current rate: $ 9 per hour
2021 fee: $ 9.75 per hour (effective July)
New Jersey
Current rate: $ 11 per hour
2021 fee: $ 12 per hour
New Mexico
Current rate: $ 9 per hour
2021 fee: $ 10.50 per hour
New York
Current rate: $ 11.80 per hour
2021 fee: $ 12.50 per hour (not including New York, Long Island and Westchester)
Ohio
Current rate: $ 8.70 per hour
2021 fee: $ 8.80 per hour
South Dakota
Current rate: $ 9.30 per hour
2021 fee: $ 9.45 per hour
Vermont
Current rate: $ 10.96 per hour
2021 fee: $ 11.75 per hour
Washington
Current rate: $ 13.50 per hour
2021 fee: $ 13.69 per hour
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