Ohio Minimum Wage Going Up In 2014
Ohioâ€™s minimum wage is going up in the new year.
The minimum wage is going up ten cents from $7.85 an hour to $7.95. The automatic boost comes from a policy known as indexing, which ties the minimum wage to increases in the cost of living.
Jack Temple, a policy analyst for the National Employment Law Project, says the relatively small raise goes a long way.
â€œWhat this ten cent boost means is that the same bag of groceries that they could afford last year they can afford this year,” Temples says.
Temple predicts the ten cent increase in 2014 will create $38 million in new economic growth.