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 2019 brings with it wage increases for employees in 21 states and Washington DC. 18 of the 22 wage increases took effect January 1st, while other increases are scheduled for later in the year.
The amount of the minimum wage hike varies by state – in New Jersey, the new minimum wage is $8.85, an increase of $1.40 over 2018 while in Alaska, the new minimum wage is $9.89, a more modest increase of $0.05 over 2018.
It is worth noting that the federal minimum wage remains $7.25 in 2019, 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 from the US Department of Labor on minimum wage by state – as rates are always changing, for the most current information regarding minimum wage in your area, please contact a NannyChex payroll expert at 877-626-6924: