With the start of the new year, the state minimum wage increased to $12.41 an hour, up from $12.
The change is a result of legislation passed by the General Assembly in 2020 that stated if the legislature failed to change the minimum wage by statute, beginning in January 2025, the minimum wage would be raised annually in accordance with inflation. This year, that amounts to a 3.4% increase.
Read the full story in the Richmond Times-Dispatch.
