Does the minimum wage go up every year? I recently heard it was recently raised again in Ohio.
The national minimum wage is $7.25 – however, each State also has regulations regarding the minimum that can be paid employees. Locally Indiana and Kentucky both follow the prevailing minimum wage set forth by the Federal government. However, Ohio wages are based on the U.S. Consumer Price Index and was just recently raised on January 1, 2012 – now the minimum wage in Ohio is $7.70 an hour. The wage is still $7.25 for employees under 16 years of age and those employers who gross less than $283,000 per year. Tipped employees are paid $3.85 per hour plus tips.
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