Minimum wage

Date                                Standard Minimum Wage              Tipped Minimum Wage

January 1, 2019           $12.00                                                $4.35

January 1, 2020           $12.75                                                $4.95

January 1. 2021           $13.50                                                $5.55

January 1, 2022           $14.25                                                $6.15

January 1, 2023           $15.00                                                $6.75

Employers everywhere will likely experience some budgetary change to comply, but it’s hard to know exactly what that change will be. At the same time, knowing what may be coming down the pike can only prepare employers more for how to handle the final regulations when they come into effect.