Market Overview

11 States Raising The Minimum Wage In 2017

Share:
11 States Raising The Minimum Wage In 2017
Related SPY
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
How Much Damage Is Debt Doing To America's Value?
Is The Market On The Naughty List? (TalkMarkets)

Analysts at Stifel published on Tuesday a deep dive in the restaurant sector and turned bearish for several reasons, one of which includes an anticipated hike in minimum wage across many states, which would pose a risk to corporate earnings.

Related Link: Stifel Expects A Recession Within 3 To 9 Months; Bearish On Restaurants

Here is a list of states that have already announced a minimum wage increase effective as of January 1, 2017:

    1. Arkansas will raise its minimum wage from $8.00 to $8.50.
    2. California will raise its minimum wage from $10.09 to $10.50 and then again to $11.06 on December 31, 2017.
    3. Connecticut will raise its minimum wage from $9.60 to $10.10.
    4. Hawaii will raise its minimum wage from $8.50 to $9.25.
    5. Massachusetts will raise its minimum wage from $10.00 to $11.00.
    6. Michigan will raise its minimum wage from $8.50 to $8.90.
    7. New York will raise its minimum wage from $9.00 to $10.39.
    8. Vermont will raise its minimum wage from $9.60 to $10.00.
    9. District of Columbia will raise its minimum wage from $11.00 to $11.50 and then again to $12.50 on December 31, 2017.
    10. Maryland will raise its minimum wage from $8.50 to $8.75 and then again to $9.25 on December 31, 2017.
    11. Minnesota will raise its minimum wage from $9.21 to $9.50.

The U.S. population as a weighted average by state will see the minimum wage rise from $9.21 to $9.50.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: minimum wage Minimum Wage Increase StifelAnalyst Color News Legal Analyst Ratings Best of Benzinga

 

Related Articles (SPY)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DLTRBernsteinUpgrades0.0
CNPUBSUpgrades34.0
UGIUBSDowngrades63.0
ATOUBSDowngrades106.0
CSCONomuraDowngrades50.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

'The Premier Airline On The West Coast': Virgin America Approves Merger With Alaska Airlines

Mid-Afternoon Market Update: Crude Oil Drops Below $43; Linear Technology Shares Spike Higher