Minimum wage hikes passed in four states — but only two did it right
Alaska voters raised the minimum to $9.75 an hour by 2016. Arkansas raised it to $8.50 an hour by 2017. Nebraska hiked it to $9 per hour by 2016. And South Dakota will raise to $8.50 per hour by 2015.
But in Arkansas and Nebraska, there’s a catch: The value of those minimum wages will actually decline in subsequent years, because the new wages are not indexed to inflation. Inflation isn’t always a bad thing, but it does erode the value of a fixed hourly wage over time.
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