Voters in Alaska approved Ballot Measure 1, effectively increasing the minimum wage in the state. The current wage is $11.73 per hour. The Alaska Department of Labor reports that the rate will increase to $11.91, effective January 1, 2025.
Additionally, the ballot measure will increase it three times over the next two years, followed by annual adjustments for inflation.
- July 1, 2025: Increase to $13.00 per hour
- July 1, 2026: Increase to $13.00 per hour
- July 1, 2027: Increase to $13.00 per hour
All employers in Alaska must ensure that the hourly rate paid to employees aligns with the updated minimum requirement.
This article is informational and does not constitute legal or financial advice. Consult with an employment lawyer or accountant for additional clarification on how these changes impact your company.
