Data: Economic Policy Institute; Note: Note: Hawaii and Florida increases took effect in October 2022; Map: Kavya Beheraj/Axios
Millions of Americans got a raise this week, as minimum wage increases in 23 states and Washington, D.C. went into effect.
Why it matters: The biggest factor driving the increases was inflation — 13 states tie their minimum wage rate to the Consumer Price Index, as Wolters Kluwer notes in a new analysis. Other states had increases set by legislation or ballot initiatives.
