The minimum wage in Arizona is set to increase to $12.00 per hour on January 1, 2023. This increase is part of a gradual plan to raise the minimum wage to $13.00 per hour by 2025. The minimum wage is the lowest hourly wage that employers are legally allowed to pay their employees. It is designed to ensure that all workers are paid a fair wage for their work.
The minimum wage is an important part of the Arizona economy. It helps to ensure that all workers can earn a living wage and support themselves and their families. Raising the minimum wage has been shown to have a number of benefits, including reducing poverty, increasing economic growth, and improving the overall health of the economy. Importantly, the minimum wage helps to ensure that low-wage workers do not fall into poverty and reach certain financial goals like homeownership, education, and retirement.
