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Another new year brings another round of minimum wage hikes in 18 states.
The federal minimum wage remains at $7.25 per hour, with a tipped wage in some states at $2.13 per hour. But many states are taking action with wage hikes scheduled to go into effect on Dec. 31 or Jan. 1, 2018.
In 10 states, the increases are part of a phased-in transition to reach a certain level, eventually $15 per hour in states like New York and California.
Another eight states will see annual cost-of-living index adjustments, including Alaska, Florida, Minnesota, Missouri, Montana, New Jersey, Ohio and South Dakota.
Additionally, in Washington, D.C., and Oregon, wage hikes are scheduled to go into effect in July, rather than Jan. 1, 2018. In the District of Columbia, the minimum wage of $12.50 per hour will increase to $13.25 per hour, and in Oregon the standard rate of $10.25 increases to $10.75 on July...