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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.