2023 Brings New Laws for Businesses
Minimum wages are increasing in 27 states
There are some new state laws that will have an effect for businesses going into 2023. The one that will probably have the most effect is that twenty-seven states will see minimum wage increases in 2023 with the majority of the states implementing them starting Jan. 1.
This new salary floor comes as a result of calls from workers' rights groups, elected officials and others to increase wages for low-income workers. The increases in minimum wage ranges from $9.95 to 15.74 among the various states.