Ohio Minimum Wage Goes to $10.10 in 2023
COLUMBUS, Ohio — Ohio’s minimum wage is scheduled to increase on Jan. 1 to $10.10 per hour for non-tipped employees and $5.05 per hour for tipped employees. The minimum wage will apply to employees of businesses with annual gross receipts of $371,000 or more per year.
The current minimum Wage is $9.30 per hour for non-tipped employees and $4.65 per hour for tipped employees.
The constitutional amendment passed by voters in November 2006 states that Ohio’s minimum wage shall increase on Jan. 1 of each year by the rate of inflation. The state minimum wage is tied to the Consumer Price index for urban wage earners and clerical workers for the 12-month period prior to September.
This CPI index increased by 8.7% over the 12-month period from Sept. 1, 2021 to Aug. 31, 2022.
For employees at smaller companies with annual gross receipts of less than $371,000 per year after Jan 1. 2023, and for 14- and 15-year-olds, the state minimum wage is $7.25 per hour. For these 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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Copyright 2022 The Business Journal, Youngstown, Ohio.