Monday, December 29, 2014

Pay Going Up Everywhere, But Not in Kentucky

It's going to be fun watching state legislators trying to explain why the only minimum wage Kentuckians who get a raise this year are the workers in Louisville.

Washington Post:

The minimum wage will rise in 20 states and the District of Columbia on Thursday, as laws and automatic adjustments are made with the start of the new year.

In nine states, the hike will be automatic, an adjustment made to keep the minimum wage in line with rising inflation. But in 11 states and D.C., the rise is the result of legislative action or voter-approved referenda, according to the left-leaning Economic Policy Institute. Two more states — Delaware and Minnesota — will get legislatively driven hikes later in the year, while New York will raise its minimum wage on Dec. 31. Twenty-nine states will have minimum wages above the federal minimum of $7.25.

The size of the hikes range from 12 cents in Florida to $1.25 in South Dakota. Among those states hiking the minimum wage, Washington state’s will be highest at $9.47. Oregon’s is next at $9.25., followed by Vermont and Connecticut at $9.15. Massachusetts and Rhode Island will have $9 minimum wages.
 The cost of living is low in Kentucky, but it ain't $14K a year low. 

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