What would you buy if you had an extra $14 a week?A couple of meals at a fast food restaurant? Four gallons of gas? A prescription co-pay?Those are among the choices that will be facing Arizonans at or near the bottom of the pay scale when the state’s minimum wage rises another 35 cents, to $14.70 an hour, on Jan. 1.The reason for the increase is that Arizona voters twice approved creating a state minimum wage separate from the federal figure of $7.25, a number that hasn’t been raised since 1991. Those two initiatives require annual increases each year pegged to the annual inflation figures in the Consumer Price Index.The new numbers, released Wednesday by the Bureau of Labor Statistics, peg year-over-year inflation at 2.5%. That computes to nearly 35.9 cents added to the current $14.35.
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