Oregon’s minimum wage will rise from $8.50 an hour to $8.80 an hour effective Jan. 1, 2012. This is a result of a ballot measure approved in 2002, which reflects a rise in the cost of living as defined by the August Consumer Price Index (CPI). It jumped 3.8% from a year ago.
Oregon has the nation’s second highest minimum wage, only Washington state has a higher minimum, which currently is $8.67. It is expected they will also increase their minimum effective Jan. 1.
The federal minimum is $7.25 an hour and is not scheduled to increase.
According to Oregon Center for Public Policy (OCPP), with the 30 cent an hour increase full-time minimum wage workers in Oregon will earn $3,224 more annually than their counterparts in states with the federal minimum wage.
An Oregon family of one or two persons will be out of the poverty listing with the 30 cent increase. However, a family of three will still be in the poverty classification ($18,530, according to OCPP