The Ohio Department of Commerce announced that minimum wage will increase by 15 cents, from $7.70 to $7.85 an hour, beginning Jan. 1.
That means that in less than two months, Ohio’s minimum wage will reach 60 cents above the federal minimum wage of $7.25 per hour.
For employees who receive tips, the new minimum wage will increase by eight cents an hour, from $3.85 to $3.93.
According to the Department, Ohio’s minimum wage is adjusted every year due to an amendment to the Ohio Constitution which was approved by voters statewide in 2006. Basically, the amendment links the minimum wage rate to the national Consumer Price Index for a 12-month period which ends every year in August.
From Sept. 1, 2011 to Aug. 31 of this year, the CPI increased by 1.7 percent. According to the Department, this means that minimum wage is increased by an equivalent percentage.
The amendment also states that the wage for non-tipped employees will be rounded to the nearest five cents…
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