COLUMBUS – Ohio’s minimum wage is scheduled to increase by 35 cents on Jan. 1.
The state’s base wage will go from $10.10 to $10.45 per hour for non-tipped employees and $5.25 per hour for tipped employees, thanks to a constitutional amendment that indexes the wage to inflation.
In 2024, the minimum wage will apply to employees of businesses with annual gross receipts of more than $385,000 per year, according to the Ohio Department of Commerce.
Voters approved a constitutional amendment in 2006 increasing the minimum wage by the rate of inflation every January 1.
The current 2023 minimum wage is $10.10 per hour for non-tipped employees and $5.05 per hour for tipped employees who work in businesses with annual gross receipts of more than $372,000.
The state minimum wage is tied to the Consumer Price Index for urban wage earners and clerical workers, which increased by 3.7% over the 12-month period from Sept. 1, 2022, to Aug. 31, Commerce Department officials said.
For employees at smaller companies with annual gross receipts of $385,000 or less per year after Jan. 1, and for 14- and 15-year-olds, the state’s minimum wage is $7.25 per hour. For these employees, the state wage is tied to the federal minimum wage of $7.25 per hour.