As more states and cities institute wage hikes and inflation adjustments, July 1 is becoming more and more prominent as a wage increase deadline every year. This year, 24 states and cities will see minimum wage hikes effective July 1, many of them due to inflation adjustments.
This comes as Sen. Bernie Sanders has announced plans to introduce a wage hike nationwide up to $17 per hour.
On July 1, twenty-four states, counties, and cities will be raising their minimum wages. While some are scheduled increases as in Nevada, many are inflationary adjustments that occur every year, including the various cities in California and Washington that adjust their wages every July.
The average minimum wage increase due in July will be roughly 6.9% as inflation and statutory increases continue to soar, compared to a roughly 6.0% increase in July 2022.
*Minneapolis is raising its smaller business minimum wage to reach the standard rate by 2024.
**St. Paul’s three tiers for businesses with fewer than 10,000 employees will all rise on July 1. This represents mid-sized employers with 101-10,000 employees.
^Represents employers currently not providing healthcare benefits. All employers will be required to pay the same wage regardless of benefits by 2024.
~Represents large employers, with smaller employers reaching an equal rate by 2025.
Of note, many of these states and cities will also see tipped wage hikes. California, Minnesota, Nevada, Oregon, and Washington already tie the require minimum wage for tipped employees to the standard wage, but a few will also be raising separate tipped wages too.
Most notably, the District of Columbia will raise its tipped minimum wage to $8.00 per hour on July 1, after raising it to $6.00 per hour this past May, as a condition of newly-enacted Initiative 82 to eliminate the city’s tip credit.
View a full list of all changes this year updated for July 1 here.