With the New Year comes new changes to payroll and tax laws.
Today, we focus on minimum wage. Minimum wage has been an important issue for legislators and voters alike in recent years, and 2017 brings with it increased wage floors for workers in 19 states to start the year with more on the way.
Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Hawaii, Maine, Massachusetts, Michigan, Missouri, Montana, New Jersey, New York, Ohio, South Dakota, Vermont, and Washington all have minimum wage increases starting in 2017.
Oregon, Washington DC, and Maryland will see increases go in to effect later in the year.
As is the trend across the nation, as states increase the minimum wage, cities also have approved measures to increase minimum earnings. In New York state, for example, the state minimum wage is $9.70, but for employees in Long Island & Westchester, the minimum wage is $10.00, while in New York City, small employers (10 or less) must pay at least $10.50, while large employers (11 or more) must pay $11.00.
It is worth noting that the federal minimum wage remains $7.25 in 2017, a rate that has not changed since 2009, although the vast majority of states have a minimum higher than the federal rate.
Below is a useful link for 2017 from the US Department of Labor on minimum wage, but for the most current information regarding minimum wage in your area, please contact a NannyChex payroll expert: