Top 5 things to know about Oregon's minimum wage
SALEM, Ore. - The Bureau of Labor and Industries - BOLI for short - shared its Top 5 things to know about Oregon's 2014 minimum wage increase.
1. Oregon's minimum wage will increase from $8.95 to $9.10 for 98,000 minimum wage employees.
2. The minimum wage adjustment will mean that directly-affected employees working 30 hours a week will have $234 more to spend on goods in 2014.
3. Oregon's minimum wage is tied to inflation. In 2002, Oregon voters passed an indexed minimum wage that increases based on the Consumer Price Index (CPI), a figure published by the United States Bureau of Labor Statistics to track prices for a fixed market basket of goods.
4. Most minimum wage workers are at least 20 years old. According to the Economic Policy Institute, roughly 80 percent of all minimum wage workers living in states with an indexed minimum wage last year were at least 20 years old. In addition, about two thirds of all workers across the country earning a minimum wage or less are women, according to the National Women's Law Center.
5. Employers can download 2014 minimum wage posters for free. Oregon employers can download free minimum wage posters from BOLI's website.