MONEY

New year brings more money as Seattle’s minimum wage rises

Dec 31, 2024, 2:16 PM | Updated: 3:41 pm

The new year will come with extra money as Seattle’s minimum wage rises Wednesday, as stated by the city of Seattle.

Starting January 1, Seattle is raising the minimum wage from $19.97/hour to $20.76/hour. The change follows the city’s minimum wage ordinance, which adjusts for inflation.

Seattle’s new rate will be $4 higher than Washington state’s new 2025 minimum wage of $16.66/hour.

Other news: Seattle-based Nordstorm prepares to go private

Under the updated Wage Ordinance, small businesses will no longer be allowed to count customer tips or payments towards medical benefits as part of the minimum wage. The ordinance mandates annual adjustments to the minimum wage based on the Consumer Price Index (CPI-W) for the Seattle-Tacoma-Bellevue area to reflect inflation.

“On January 1, the temporary tip credit for small businesses will expire, as determined by the law passed in 2014,” Seattle Mayor Bruce Harrell stated. “While this is the right thing for wage fairness, we recognize it will present a significant change for many small businesses who are still recovering from the impacts of the pandemic and the resulting record inflation. Our office convened discussions to help address the concerns of all stakeholders. As the tip credit expires, we are committed to aggressively addressing many of the pressures facing small restaurants moving forward.”

Harrell added he will continue to talk with small businesses to identify tangible ways to make Seattle more affordable.

The minimum wage applies to all employees working within city limits, regardless of immigration status.

The Office of Labor Standards’ website states minimum wage increases are announced during the fall of each year.

Contributing: Bill Kaczaraba and Julia Dallas, MyNorthwest; Katrina Guischard, KIRO Newsradio

Money

gas prices (1)...

Manda Factor

Venezuela oil deal won’t help gas prices for years while Iran conflict drives them even higher

The U.S. oil agreement with Venezuela will take years to lower gas prices, and renewed strikes in the Strait of Hormuz are pushing costs higher.

6 days ago

Tacoma police officers grant...

MyNorthwest Staff

Tacoma lands $4.6M grant to hire 12 new police officers, with a catch

Tacoma is set to hire a dozen new police officers, three support staff, and a contract psychologist after landing a $4.6 million state grant.

9 days ago

Jimothy (1) seattle raccoon ballard lego...

Jason Sutich

Jimothy’s gold rookie card has topped $12,000 on eBay — and bidding ends Sunday

A 13-year-old Mariners fan was the lucky winner of a Jimothy rookie card giveaway and has since listed it for auction on eBay, where the bid sits at $12,000.

11 days ago

caregivers union SEIU 775 olympia brian heywood...

Charlie Harger

Harger: You think Brian Heywood spends big? A caregivers union in Olympia outspent him on campaigns

The union SEIU 775 likes to note that The Seattle Times once compared it to Boeing and Microsoft and called it one of Olympia's most powerful players.

18 days ago

uber eats seattle settlement OLS...

Frank Sumrall

Uber Eats to pay $4.4M to more than 14,000 workers after violating Seattle’s labor laws

More than 14,000 Uber Eats workers are set to receive a share of nearly $4.4 million under a settlement with Seattle’s Office of Labor Standards.

18 days ago

lotto ticket seattle...

KIRO 7 News Staff

$2.5 million Lotto ticket sold in Seattle

Did you buy a Lotto ticket in Seattle? Washington’s Lottery said someone just won $2.5 million, and they’re waiting for that person to come forward.

19 days ago

New year brings more money as Seattle’s minimum wage rises