Minimum Wage Applies to Employers That Gross More than $283,000 per Year
Effective January 1, 2012, the minimum wage will apply to employers who gross more than $283,000 per year, up from $271,000 in 2011.
Annual Adjustment Is Constitutionally Required
As a result of a constitutional amendment that passed in 2006 an adjustment to the minimum wage must be applied on January 1 of each year. The adjustment is tied to the Consumer Price Index (CPI) for urban wage earners and clerical workers for the 12-month period prior to September. The 1.4% increase in the CPI is rounded to the nearest five cents to calculate the amount of the adjustment.
Find Out the Minimum Wage for All States by Visiting the Vision Payroll Minimum Wage Chart Page