ADOL&WD.

• Position: Inside Alaska Business

The Alaska minimum wage increased from $9.75 to $9.80 January 1. Alaska voters approved a ballot initiative in 2014 that increased the minimum wage from $8.75 to $9.75 in 2016 and requires the Alaska minimum wage to be adjusted annually for inflation.

Alaska Statute 23.10.065(a) requires the Alaska minimum wage to be adjusted using the Consumer Price Index for urban consumers in the Anchorage metropolitan area (Anchorage CPI-U) for the preceding calendar year. The Anchorage CPI-U increased 0.5 percent in 2015, rising from 215.805 to 216.909...