CFO: State Minimum Wage Votes May Pressure Congress to Act
Four states passed proposals to increase the minimum wage, adding to the growing support for higher pay floors for U.S. workers
By Sean Ollocca
CFO Magazine, Nov 17, 2016
Employees at low-paying jobs in four states can expect a raise next year after voters passed proposals on Election Day to increase the minimum wage. Arizona, Maine, and Colorado plan to gradually increase the wage floor to $12 from an average of just under $8 by 2020. Washington will hike an already above-average $9.47 an hour to $13.50 an hour over the same period. ...
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