Minimum wage in Alaska to increase by 4 cents in 2018
Minimum wage in Alaska to increase by 4 cents in 2018:- The minimum wage in Alaska is set to increase effective the first day of 2018. The amount by which it will increase, however, isn’t a large jump but rather a small incremental rise, designed only to offset the cost of inflation.
According to the Alaska Department of Labor & Workforce Development, on Jan. 1 next year, the state minimum wage will go from $9.80 to $9.84, a raise of just 4 cents.
In 2017, the state minimum raised 5 cents, from $9.75 to $9.80.
In 2015 and 2016, however, the wage raised 1 dollar per year, due to a ballot initiative passed by voters. Whether further increases such as this are made, depends on lawmakers and, eventually, the voting public.
The research chief with the department came to the 4 cent figure by using the Consumer Price Index for urban consumers in the Anchorage area.
Source:-Â http://www.ktuu.com/content/news/Minimum-wage-in-Alaska-to-increase-by-4-cents-464461203.html
