President-elect Biden has pledged to increase the federal minimum wage to $15 per hour, which could lead to unemployment and the closure of small businesses. Hillary Vaughn of FOX Business has more.
The new year will bring higher salaries to workers in certain states, as the minimum wage is set to take effect.
Florida made headlines in November, when voters approved a measure that would gradually increase the minimum wage in the state to $15 an hour by 2026.
Other states such as California, Connecticut, Illinois, and Maryland have also approved their own routes to bring the hourly rate to $1
Let’s look at the states where wages will rise in 2021.
Florida approves a minimum wage of $15, which is some other state
Alaska
Current rate: $10.19 per hour
Cost in 2021: $10.34 per hour
Arizona
Current rate: $12 per hour
Cost in 2021: USD 12.15 per hour
Arkansas
Current rate: $10 per hour
Cost in 2021: $11 per hour
California
Current rate: $13 per hour
Fees in 2021: $14 per hour (large employers)
Colorado
Current rate: $12 per hour
Cost in 2021: $12.32 per hour
Florida
Current rate: $8.56 per hour
Cost in 2021: $8.65 per hour
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Illinois
Current rate: $10 per hour
Cost in 2021: $11 per hour
Maine
Current rate: $12 per hour
Cost in 2021: USD 12.15 per hour
Maryland
Current rate: $11 per hour
Cost in 2021: $11.75 per hour
Massachusetts
Current rate: $12.75 per hour
Cost in 2021: USD 13.50 per hour
Minnesota
Current rate: $10 per hour
Fees for 2021: $10.08 per hour (only for large employers)
Missouri
Current rate: $9.45 per hour
Cost in 2021: $10.30 per hour
Montana
Current rate: $8.65 per hour
Charges in 2021: USD 8.75 per hour
Nevada
Current rate: $9 per hour
2021 rate: $9.75 per hour (effective in July)
New Jersey
Current rate: $11 per hour
Cost in 2021: USD 12 per hour
New Mexico
Current rate: $9 per hour
Cost in 2021: $10.50 per hour
new York
Current rate: $11.80 per hour
2021 rate: $12.50 per hour (excluding New York City, Long Island and West Chester)
Ohio
Current rate: $8.70 per hour
Cost in 2021: $8.80 per hour
South Dakota
Current rate: $9.30 per hour
Cost in 2021: $9.45 per hour
Vermont
Current rate: $10.96 per hour
Cost in 2021: $11.75 per hour
Washington state
Current rate: $13.50 per hour
Cost in 2021: $13.69 per hour
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