The minimum wage in Oregon will increase by 15 cents to $9.25 per hour on January 1, 2015, announced Oregon Labor and Industries Commissioner Brad Avakian on September 17, 2014. The increase is expected to impact 141,822 workers or roughly 8% of the workforce.
The adjustment means that minimum wage earners working 30 hours a week will have $234 more to spend on goods in 2015. The increase is expected to generate more than $25 million in new consumer spending for Oregon’s economy next year.
As a result of Ballot Measure 25, passed by voters in 2002 (ORS 653.025(2), as amended), Oregon’s minimum wage is adjusted annually based on changes in inflation as measured by 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.
Oregon employers are required to post minimum wage posters. Posters reflecting the new minimum wage for 2015 are now available for download from the Oregon Bureau of Labor and Industries (BOLI) Internet website, http://www.oregon.gov/boli/WHD/pages/minimum_wage_posters.aspx. (Oregon Bureau of Labor and Industries Press Release, September 17, 2014.)
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