Ohio minimum wage to increase on New Year’s Day

The minimum wage in Ohio is going up next year.

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On Jan. 1, 2025, the minimum wage for non-tipped employees will increase from $10.45 to $10.70 per hour.

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The minimum wage for tipped employees will also go up from $5.25 to $5.35 per hour.

This will apply to employees of businesses with annual gross receipts of more than $385,000 per year.

The annual increase is a result of a Constitutional Amendment passed in 2006. The amendment states the minimum wage shall increase on Jan. 1 each year by the rate of inflation.

The minimum wage for employees at small companies with annual gross receipts of $394,000 or less per year after Jan. 1 or for 14- and 15-year-olds is $7.25 per hour. That 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, according to the Ohio Department of Commerce.

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Image Credits and Reference: https://www.yahoo.com/news/ohio-minimum-wage-increase-day-163911796.html