McDonald’s franchise owner Scott Rodrick says his business has experienced cost pressure since California’s minimum wage hike targeted Maria Bartiromo’s Wall Street fast-food franchises.
Nearly half of the states in the U.S. are set for minimum wage increases on Jan. 1, 2025, meaning a pay increase for about 9.2 million workers, according to the latest data.
An analysis by the Economic Policy Institute says 21 states will raise their minimum wage at the start of the year, along with 48 cities and counties that are raising wage levels above their respective state minimums — mostly in California, Colorado and Washington.
An employee fills a bag of chips 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 rise to $16.50. (Matthias Balk Alliance/photo via Getty Images / Getty Images)
Here are the states that will raise the minimum wage at the beginning of the year and how much 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 restaurateur 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 City, Long Island and Westchester)
The minimum wage is rising to $15.50 in New York state, but will be a dollar higher in New York City, Long Island and Westchester. (iStock / iStock)
Ohio: $10.70
Rhode Island: $15
South Dakota: $11.50
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