Nov
5
2014

Businesses in several states and cities will need to revise their budgets following an election season in which voters used their ballots to support minimum wage increases. 

The minimum raise increases are part of a larger movement, as 12 other states and Washington, D.C., have all increased their minimum wage over the past two years.

Here is a breakdown of which areas voted to increase their minimum wage amounts, as reported by Time:

  • Alaska - 68 percent voted to increase the minimum wage to $9.75 by 2016.
  • Arkansas - 65 percent of voters approved a new minimum wage of $8.50 by 2017.
  • Nebraska - 59 percent approved a minimum wage raise to $9 by 2016.
  • South Dakota - 55 percent voted in favor of raising the minimum wage to $8.50 by 2015.
  • San Francisco - 77 percent of voters approved a minimum wage increase to $15 per hour, which matches Seattle for the nation's highest minimum wage rate. According to CNN, the increase will take place incrementally over time. It will raise to $11.05 on Jan. 1, $12.25 in May 2015, and then increase each year until hitting $15 in 2018.
  • Illinois - 66 percent of voters said "yes" to a non-binding resolution to raise the minimum wage to $10 by 2015.

In other election news, Massachusetts became the third state in the nation to require paid sick leave for workers (Connecticut and California are the others).

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