Alaska voters have approved Ballot Measure No. 1, which increases the state’s minimum wage incrementally. The current minimum wage in Alaska is $11.73 per hour and according to the Alaska Department of Labor website, it will increase to $11.91 on Jan. 1, 2025.
The Details:
The approved ballot measure increases the minimum wage as follows:
July 1, 2025- $13.00 per hour
July 1, 2026- $14.00 per hour
July 1, 2027- $15.00 per hour
Thereafter, the minimum wage will be adjusted annually for inflation.
Alaska does not allow the use of a tip credit when paying tipped employees.
The approved ballot measure requires that the state must adjust the minimum wage to be at least $2.00 more than the federal minimum wage, which is $7.25 per hour.
Next Steps:
Alaska employers must pay its employees at least the minimum wage in accordance with the information provided above.
Have Questions?
Please contact your ADP Service Representative with any questions.