Minimum-wage workers across 21 states, including California and Vermont, will experience significant wage hikes starting January 2025, potentially benefiting over 9 million workers nationwide.
In Missouri, voters approved a minimum wage increase to $13.75 in 2025, rising to $15 in 2026, which has raised concerns among small business owners about potential economic impacts.
Research indicates that while many independent businesses manage to cope with minimum wage increases, they can lead to the closure of smaller establishments, particularly restaurants.
Alaska is set to see its minimum wage rise to $11.91 in January 2025, with further increases scheduled through 2027, highlighting shifts based on inflation adjustments and voter initiatives.
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