States Begin Recalculating Minimum Wages Based on CPI

Vermont and Washington have both announced new minimum wage rates to take effect on New Year’s Day 2011 based on year-to-year inflation.

Vermont’s Department of Labor announced it will increase that state’s minimum wage from $8.06 to $8.15 based on an annual inflation rate of 1.1 percent as calculated in August.

Washington’s Department of Labor and Industries pegged its yearly inflation rate at 1.4 percent and will thus raise the state’s minimum wage from $8.55 to $8.67 next Jan. 1.

States that peg their minimum wage rates to the Consumer Price Index (CPI) for their regions will continue to announce minimum wage changes in the coming weeks.

You can rest assured that Personnel Concepts updates all its Space Saver-1 All-On-One State and Federal Labor Law posters as changes such as minimum wage rates occur. In addition, update subscribers will receive new panels in the mail to bring their existing posters into compliance whenever state or federal components on the posters change.

NOTE: The details in this blog are provided for informational purposes only. All answers are general in nature and do not constitute legal advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The author specifically disclaims any and all liability arising directly or indirectly from the reliance on or use of this blog.
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