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Minimum Wage to Increase in 2014

Minimum Wage to Increase in 2014

Ohio’s minimum wage is scheduled to increase on January 1. It will go up to $7.95 per hour for non-tipped employees and to $3.98 per hour for tipped employees, plus tips. The increased minimum wage will apply to employees of businesses with annual gross receipts of more than $292,000 per year.

The current minimum wage in Ohio is $7.85 per hour for non-tipped employees and $3.93 for tipped employees, plus tips. It applies to employees of businesses with annual gross receipts of more than $288,000 per year.

A constitutional amendment passed by Ohio voters in 2006 ties the minimum wage to the rate of inflation. That's measured by the Consumer Price Index. This CPI rose 1.5 percent over the twelve-month period ending in August. The amendment also rounds the wages for non-tipped employees to the nearest five cents.

For employees at smaller companies and for 14- and 15-year-olds, the state minimum wage is $7.25 per hour. For those employees, the state wage is tied to the federal minimum wage of $7.25 per hour, which requires an act of Congress and the President’s signature to change.

 

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