(Indianapolis, IN) - Indiana is getting squeezed by increasing minimum wages in nearby states.
With the New Year, Michigan’s minimum wage has gone up again, to $10.10 an hour. Legislation passed in 2018 calls for a minimum wage in Michigan of over $12 an hour by 2030. Ohio's minimum wage is also $10.10.
Illinois’ minimum wage has also gone up. Another year, another dollar for Illinois workers. This week, the new minimum wage went up a buck to $13 an hour. Also, workers under 18 who work fewer than 650 hours a year will earn a minimum wage of $10.50 per hour. This is the fifth increase to the minimum wage since Governor JB Pritzker signed legislation in 2019 that puts Illinois on the path to a $ 15-an-hour minimum wage by 2025.
23 states have raised their minimum wage for 2023. Minimum wage in Indiana is still $7.25, which is the federal minimum. Our neighbors to the south, Kentucky, have also held to $7.25.