LIMA — The Ohio Department of Commerce has announced an increase in the minimum wage. The change should take effect on January 1. For non-tipped employees, the minimum wage will increase from $9.30 to $10.10 an hour. For tipped employees, the minimum wage will increase from $4.65. This change will affect companies with annual revenue of more than $342,000 per year.
The minimum wage will remain the same for companies with less than $371,000 a year in revenue. Hourly wages for small companies and 14-15 year olds are set by the federal minimum wage at $7.25. Smaller companies hook up to the federal rate, which can only be changed by Congress and the President.
In 2006, voters passed a law to increase the minimum wage by January 1 of each year to the level of inflation.
For more information, visit: com.ohio.gov/home.
https://www.limaohio.com/news/2022/09/30/the-minimum-wage-increase-begins-jan-1/
