The state's minimum wage will be increasing by 50 cents to $7.75 per hour beginning on January 1, 2015. This is the first increase the state has seen since 2007. It will increase to $8.50 per hour by January 2016, to $9.25 per hour by January 2017, and will finally reach its new peak of $10.10 per hour by January 2018. Dwight Takamine the director of the state Labor Department, commented, "This increase will boost consumer demand and jobs because minimum and low-wage workers spend most if not all of their increased wages.
Source: Honolulu Star Advertiser, 12-26-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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