Howard Fischer
What would you buy for an extra $20 a week?A nice meal? A car mount for your phone? An extra four gallons of gasoline?That’s the choice that will face Arizonans at or near the bottom of the pay scale in January when the state’s minimum wage rises another 50 cents, to $14.35 an hour.But the question of how many people actually are working below that minimum is less than clear, as inflation and a tight labor market have forced many employers to offer higher wages just to get applicants in the door.New figures reported Wednesday by the U.S. Bureau of Labor Statistics show that costs as measured by the Consumer Price Index rose 3.7% between August 2022 and last month.That’s important because laws approved by Arizona voters in 2006 and again in 2016 require annual inflation adjustments in the state minimum wage based on the August annual figures.
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Rounded to the nearest nickel, as required by law, the change in January will add 50 cents an hour to the current $13.8 …
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