By: RUSS WILES, Arizona Republic – June 5, 2022
PHOENIX (AP) — Concern about the inflation rate is widespread following a jump to a four-decade high earlier this year. In Arizona, rising inflation has an added twist: the state’s minimum wage is now tied to changes in the Consumer Price Index.
If prices continue to rise robustly, lower-income workers here could get a significant wage boost — about one-third of all Arizonans earn the minimum or just a few dollars an hour more, according to a recent report. If the recent trend continues, Arizona’s minimum wage could increase by more than $1 and approach $14 an hour at the start of 2023. Read More…