Low Earners Get 3% Wage Hikes

January 12, 2014Dear Client: While most employers aren't a fan of increases in minimum wage, the recent hikes may help out the lower end beer business. Our friend Nik Modi over at RBC Capital points out that fourteen states have passed minimum wage increases in 2014. "On average across the 14 states the minimum wage increased 4.3%, with the largest increase in New Jersey at 14% ($7.25 to $8.25) and the lowest at 1.3% shared by Arizona, Ohio and Montana