Oregon Labor and Industries Commissioner Brad Avakian today announced that Oregon’s minimum wage will increase to $9.25 on January 1, 2015, providing a $.15 per hour raise for 141,822 workers.
The Bureau
of Labor and Industries says the adjustment
will mean that minimum wage earners working 30 hours a week will have $234 more
to spend on goods in 2015. The increase is expected to generate more than $25
million in new consumer spending for Oregon’s
economy next year.
Each year, the minimum wage is recalculated
by measuring the increase to the Consumer Price Index (CPI), a figure published
by the United States Bureau of Labor Statistics to track prices for a fixed
“market basket” of goods. Passed by a coalition of senior, hunger and
labor advocates in 2002, Oregon’s
minimum wage system ensures that workers don’t lose ground to inflation.
The 2015 minimum wage increase will affect roughly
eight percent of Oregon’s
workforce.
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