Oregon’s minimum wage will climb to $8.95 per hour next year. The 15 cent increase will take effect on Jan. 1, 2013.
Oregon voters approved a law in 2002 that directs the Bureau of Labor and Industries Commissioner to adjust the minimum wage every September based on inflation and the Consumer Price Index, a statistic that measures price changes for common goods and services used for daily living. The adjustment is rounded to the nearest five cents.
Oregon is one of ten states that make adjustments based on inflation and the CPI. States raising their minimum wage next year include: Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont and Washington state. The biggest increase, at 35 cents, will be in Rhode Island. Unlike other states that are hiking the hourly wage to keep pace with inflation, Rhode Island's increase comes from a one-time increase passed by the state legislature.
The increase means about 128,000 Oregon workers will get a raise in 2013, according to the Oregon Center for Public Policy.
The new minimum wage will be 23% higher than the current Federal minimum wage of $7.25 per hour.
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