Mapping the minimums
Eighteen states that offer minimum wages above the federal rate.
By Matthew McKnight, FSB Magazine

(FSB Magazine) -- EIGHTEEN STATES now offer more generous minimum wages than the federal rate. So do roughly 140 cities and counties, from Albuquerque ($6.75 an hour), to Oxnard, Calif. ($12.88). The latest: Ventura, Calif. ($9.75). Like many such laws, Ventura's applies only to certain city employees and contractors. But Robert Pollin, a professor of economics at the University of Massachusetts, says that the new watchword for localities considering hiking their minimum wages is "wider coverage": that is, applying the wage to all workers.

[THE FOLLOWING DESCRIPTIVE TEXT APPEARS WITHIN A DIAGRAM]

WASH. $7.63[4]

MINN. $6.15[*][3]

WIS. $5.70[2]

ILL. $6.50[3]

N.Y. $6.75[**][3]

Vermont $7.25[4]

Maine $6.50[3]

Massachusetts $6.75[3]

Rhode Island $7.10[4]

Connecticut $7.40[**][4]

New Jersey $7.15[4]

Delaware $6.15[3]

Maryland $6.15[3]

FLA. $6.40[3]

CALIF. $6.75[3]

ORE. $7.50[4]

Alaska $7.15[4]

Hawaii $6.75[**][3]

[*] Only applies to businesses with annual receipts of more than $625,000.

[**] Connecticut, Hawaii, and New York have passed further increases effective 1/1/2007.

Key: State Minimum Wage

[1] Federal minimum wage ($5.15)

[2] $5.16-$5.99

[3] $6-$6.99

[4] $7-$7.99

SOURCE: U.S. Department of Labor Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.