McDonald's franchise owner Scott Rodrick says his business has been under cost pressure since California's minimum wage hike targeted Maria Bartiromo's Wall Street fast-food franchises.
According to recent data, nearly half of U.S. states are scheduled to raise their minimum wage on January 1, 2025, meaning about 9.2 million workers will have to raise their wages.
According to an analysis by the Economic Policy Institute, 21 states raised their minimum wages at the beginning of the year, and 48 cities and counties, mainly in California, Colorado, and Washington, raised their wage floors above their states' minimum wages. is being raised.
An employee is filling bags with french fries at a branch of the fast food chain McDonald's. California raised the minimum wage for fast food workers to $20 this year. In 2025, the minimum wage for other workers in the state is scheduled to increase to $16.50. (Matthias Bork/Photo Alliance via Getty Images/Getty Images)
Here are the states that will raise their minimum wage at the beginning of the year and how much workers will be paid.
Alaska: $11.91
Arizona: $14.70
California: $16.50
California player wins $1.22 billion Mega Millions jackpot
Colorado: $14.81
Connecticut: $16.35
Delaware: $15
Illinois: $15
Maine: $14.65
Celebrity chef and restaurateur Andrew Gruel appears on “The Big Money Show” to discuss California's minimum wage law and its impact on the food and restaurant industry.
Michigan: $10.56
Minnesota: $11.13
Missouri: $13.75
New York executive chef proposes complete abolishment of restaurant tipping system
Montana: $10.55
Nebraska: $13.50
New Jersey: $15.49
New York: $15.50 ($16.50) new york cityLong Island and Westchester)
The minimum wage in New York state will increase to $15.50, while New York City, Long Island and Westchester will increase it by an additional $1. (license/image)
Ohio: $10.70
Rhode Island: $15
South Dakota: $11.50
CLICK HERE TO GET FOX BUSINESS ON THE GO
