South Dakota employers will see an increase in the state’s minimum wage from $7.25 to $8.50 effective January 1, 2015. The state’s minimum wage will also automatically increase for inflation each year starting on January 1, 2016. The increase for inflation will be based on the Consumer Price Index, determined each August. The most recent CPI (August 2014) was 1.7%, but that rate will likely change each year.
Nebraska voters likewise elected to increase the minimum wage in the Husker state from $7.25 to $8.00 starting on January 1, 2015. The minimum wage will then rise to $9.00 on January 1, 2016. Over half of the states will have minimum wages above the nationally mandated $7.25 an hour. Iowa’s minimum wage remains at $7.25.Photo Copyright: svlumagraphica / 123RF Stock Photo