It’s complicated.
The Legislature passed a new minimum wage law in 2014. It initially set two wage figures — $8 an hour for larger employers, $6.50 for smaller businesses — but as of this year, those minimum wages will be indexed to inflation, so further increases won’t be subject to legislative approval. (The indexed increase is capped at 2.5 percent.)
The current state minimum hourly wage for employers with annual gross revenue over $500,000 is $9.65. For enterprises with less than half a million in annual revenue, the wage is $7.87. That will go up on Jan. 1 to $9.86 for large employers and $8.04 for small employers.
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