Two Minimum Wage Increases Set for 2025
Minimum wage earners get two raises in 2025. An inflation adjustment to $11.91 takes effect in January before a voter-approved hike to $13 per hour in July.
Tag: inflation
Last Year’s Inflation Pushes Next Year’s Minimum Wage Up by Almost a Dollar
High inflation in 2022 means higher pay in 2024. Thanks to an automatic adjustment, the state minimum wage is rising from $10.85 per hour to $11.73 for the new year.
Inflation Pushes Minimum Wage Up by $0.51 for 2023
High inflation in 2022 means higher pay in 2023. Thanks to an automatic adjustment, the state minimum wage is rising from $10.34 per hour to $10.85.
New Year, Same Old Minimum Wage
When 2022 arrived, Alaskans working for minimum wage received an annual inflation adjustment of zero, holding their pay at $10.34 per hour.