Map: The states hiking minimum wage for 2023

Millions of Americans got a raise this week, as minimum wage increases in 23 states and Washington, D.C. went into effect.

Why it matters: The biggest factor driving the increases was inflation — 13 states tie their minimum wage rate to the Consumer Price Index, as Wolters Kluwer notes in a new analysis. Other states had increases set by legislation or ballot initiatives.

While the federal wage floor remains stuck at $7.25, a growing number of states now have minimum wages of at least $15 an hour, including Washington ($15.74), California ($15.50) and Massachusetts ($15)....