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More than 9 million workers are getting a raise on January 1. Here's where.

More than 9 million workers are getting a raise on January 1. Here's where.

CBSN
Monday, December 30, 2024 10:20:41 AM UTC

Millions of low-wage earners are getting a raise in 2025 as 21 states are slated to hike their minimum pay starting Jan. 1.

State laws that index the minimum wage to inflation are behind 13 of the January increases, according to the Economic Policy Institute, or EPI, a nonprofit think tank. Legislation spurred the coming pay hikes in six states, while ballot measures ushered in wage gains in two. 

Nearly one in five, or 20%, of the more than 9.2 million impacted workers reside in households below the poverty line, while nearly half, or almost 49%, have family incomes below twice the poverty line, EPI estimates.

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