Effective January 1, 2023, the minimum wage in Nebraska has increased. Over 300,000 residents of Nebraska have agreed to the minimum wage increase in the last election.
Effective January 1, 2023, the minimum wage in Nebraska has increased from $9 to $10.50 per hour. Whenever minimum wages increase, this means that revenues collected by the state have also increased along with it. By 2026, the state aims to increase the minimum wage to $15 per hour.
However, according to Heckel, the state director for the National Federation of Independent Businesses Bob Hallstrom said that this increase could burden small businesses in Nebraska. Nonetheless, Hallstrom also added that the increase will take time to ease in, which will lessen the impact on the small businesses.
Minimum Wage Increase In the Next Years
The proposal to increase the minimum wage was included in the election ballots last November. Over 300,000 voters have agreed to increase the minimum wage during the latest election. Hallstrom also said that employees who are already earning above minimum wage can still look forward to an increase and added costs on businesses. The next increase is expected to be seen on January 1, 2024 for $12. Once the minimum wage reaches $15 in 2026, the increase in rates for the following years will depend on the annual inflation, as reported by Heckel.