Alaska
Alaska’s minimum wage will increase to $10.85 next year
Alaska’s minimal wage will improve by 51 cents subsequent yr, from $10.34 to $10.85.
The minimal wage is adjusted yearly, primarily based on how a lot the patron value index for city shoppers in Anchorage elevated the earlier yr. It elevated 4.9% in 2021, which suggests a 4.9% improve within the minimal wage.
The $10.85-per-hour wage goes into impact Jan. 1, 2023.
Alaskans voted to regulate the minimal wage yearly for inflation in 2014.
On common final yr, Anchorage households spent a complete of $72,255 in line with the U.S. Bureau of Labor Statistics. That’s in comparison with the nationwide common of $64,187.