Graphic by Ashlyn O'Hara.

State minimum wage to increase $0.51 in January

The federal minimum wage has not increased since 2009

The minimum wage in Alaska will jump from $10.34 per hour to $10.85 per hour effective Jan. 1, 2023. That’s according to a Thursday press release from the Alaska Department of Labor and Workforce Development.

Alaska’s minimum wage was set at $8.75 per hour beginning in 2015 after the passage of the Alaska Wage and Hour Act in 2014. It then increased to $9.75 in 2016 and has thereafter been adjusted annually for inflation, according to Alaska Statute.

The Consumer Price Index for urban consumers in the Anchorage metropolitan area is the metric used by the state to gauge what Alaska’s minimum wage should be, according to the Thursday press release. That price index, the release says, increased by 4.9% in 2021.

Federal Reserve Economic Data, which is created and maintained by the Federal Reserve Bank of St. Louis, show that Alaska’s state minimum wage has historically been higher than the federal minimum. The federal minimum wage has not increased since 2009, when it jumped from $6.55 to $7.25, FRED data show.

All hours worked by an employee during a pay period are subject to Alaska’s minimum wage guidelines. More information about Alaska’s minimum wage can be found on the Alaska Department of Labor and Workforce Development website at labor.alaska.gov. FRED data can be found at fred.stlouisfed.org.

Reach reporter Ashlyn O’Hara at ashlyn.ohara@peninsulaclarion.com.

More in News

tease
House District 6 race gets 3rd candidate

Alana Greear filed a letter of intent to run on April 5

Kenai City Hall is seen on Feb. 20, 2020, in Kenai, Alaska. (Photo by Victoria Petersen/Peninsula Clarion)
Kenai water treatment plant project moves forward

The city will contract with Anchorage-based HDL Engineering Consultants for design and engineering of a new water treatment plant pumphouse

Students of Soldotna High School stage a walkout in protest of the veto of Senate Bill 140 in front of their school in Soldotna, Alaska, on Wednesday, April 17, 2024. (Jake Dye/Peninsula Clarion)
SoHi students walk out for school funding

The protest was in response to the veto of an education bill that would have increased school funding

The Kenai Courthouse as seen on Monday, July 3, 2023, in Kenai, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Clam Gulch resident convicted of 60 counts for sexual abuse of a minor

The conviction came at the end of a three-week trial at the Kenai Courthouse

The Kenai Peninsula Borough Assembly meets in Seward, Alaska, on Tuesday, April 16, 2024. (screenshot)
Borough awards contract for replacement of Seward High School track

The project is part of a bond package that funds major deferred maintenance projects at 10 borough schools

Kenai Peninsula Education Association President LaDawn Druce, left, and committee Chair Jason Tauriainen, right, participate in the first meeting of the Kenai Peninsula Borough School District’s Four Day School Week Ad Hoc Committee on Wednesday, Jan. 10, 2024, in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
4-day school week committee talks purpose of potential change, possible calendar

The change could help curb costs on things like substitutes, according to district estimates

A studded tire is attached to a very cool car in the parking lot of the Peninsula Clarion in Kenai, Alaska, on Monday, April 15, 2024. (Jake Dye/Peninsula Clarion)
Studded tire removal deadline extended

A 15-day extension was issued via emergency order for communities above the 60 degrees latitude line

A sign for Peninsula Community Health Services stands outside their facility in Soldotna, Alaska, on Monday, April 15, 2024. (Jake Dye/Peninsula Clarion)
PCHS to pursue Nikiski expansion, moves to meet other community needs

PCHS is a private, nonprofit organization that provides access to health care to anyone in the community

Jordan Chilson votes in favor of an ordinance he sponsored seeking equitable access to baby changing tables during a meeting of the Soldotna City Council in Soldotna, Alaska, on Wednesday, April 10, 2024. (Jake Dye/Peninsula Clarion)
Soldotna OKs ordinance seeking to increase access to baby changing tables

The ordinance requires all newly constructed or renovated city-owned and operated facilities to include changing tables installed in both men’s and women’s restrooms

Most Read