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✦Reported by mint

Minimum Wage hike: These 5 US states to raise pay in 2027 by up to 60%, with rates hitting $17.73 an hour

Minimum Wage hike: These 5 US states to raise pay in 2027 by up to 60%, with rates hitting $17.73 an hour
Source: mint

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Workers in Washington, California, Connecticut, New Jersey and Michigan will get higher minimum wages from 1 January 2027.
  • ✓Washington will have the highest rate at $17.73 an hour.
  • ✓These changes widen the gap with the federal minimum wage of $7.25, as many states now set their own pay floors.

Story at a Glance

Category
MARKET
Reported By
mint
Reading Speed
2 Minute(s)
Market Focus
India Economy

Workers in five US states are set to receive higher minimum wages from 1 January 2027, further widening the gap between state-level pay floors and the federal minimum wage of $7.25 an hour.

Washington, California, Connecticut, New Jersey and Michigan are among the states increasing their minimum wages, with Washington set to have the highest statewide rate at $17.73 an hour.

The changes highlight the growing divergence between state and federal wage rules, with several states having minimum wages more than twice the federal floor.

New Jersey will raise its minimum wage by 56 cents to $16.48 an hour for most workers. Michigan is set for one of the biggest increases, with its minimum wage climbing from $13.73 to $15 an hour.

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Minimum Wage hike: These 5 US states to raise pay in 2027 by up to 60%, with rates hitting $17.73 an hour | ArthNow