Employees in Rhode Island will see the biggest gains as the state voted to raise the minimum 35 cents per hour to $7.75. This translates into a bump of about $510 per year for the average worker. Nine other state minimums are climbing automatically as the result of laws that peg the minimum wage to increases in the cost of living.

CNN:

An estimated 855,000 workers will be directly affected by the wage changes, while another 140,000 are projected to be indirectly affected by the changes as employers readjust their pay scales to accommodate the new minimum, according to analysis by the Economic Policy Institute.

The new hourly rates will range between $7.35 in Missouri and $9.19 in Washington state, which has the highest minimum wage in the nation.

Workers may not notice much of a change in their paychecks, though, if lawmakers do not extend the payroll tax cut first enacted in 2010. Without the tax cut in place, workers would pay 6.2% instead of 4.2% -- an amount that could wipe out most of the wage boost.

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