McDonald’s franchise owner Scott Rodrick says his company has experienced cost pressures since Maria Bartiromo’s Wall Street fast food franchises were targeted by California’s minimum wage hike.
Almost half of the states in the US are set to raise their minimum wage on January 1, 2025, which will mean salary increase for some 9.2 million workers, according to the latest data.
An analysis by the Economic Policy Institute says 21 states will raise their minimum wages in the first year of the year, along with 48 cities and counties raising their minimum wages above their state minimums — mostly in CaliforniaColorado and Washington.
An employee fills a bag with French fries at a branch of the fast food chain McDonald’s. California raised the minimum wage for fast food workers to $20 this year. In 2025, the minimum wage for other workers in the state will be raised to $16.50. (Matthias Balk/picture alliance via Getty Images/Getty Images)
Here are the states that will encourage theirs minimum wage on the first of the year, and how much the workers will be paid:
Alaska: $11.91
Arizona: $14.70
California: $16.50
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Colorado: $14.81
Connecticut: $16.35
Delaware: $15
Illinois: $15
Maine: $14.65
Celebrity chef and restaurant owner Andrew Gruel joins ‘The Big Money Show’ to discuss California’s minimum wage law and its impact on the food and restaurant industry.
Michigan: $10.56
Minnesota: $11.13
Missouri: $13.75
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Montana: $10.55
Nebraska: $13.50
New Jersey: $15.49
New York: $15.50 ($16.50 in New York CityLong Island and Westchester)
The minimum wage is being raised to $15.50 in New York state, but will be a dollar higher in New York, Long Island and Westchester. (iStock / iStock)
Ohio: $10.70
Rhode Island: $15
South Dakota: $11.50
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Vermont: $14.01
Virginia: $12.41
Washington: $16.66
