A $15 Minimum Wage in Alaska Would Lift the Wages of Nearly 31,000 Workers

This November, voters in Alaska will have a chance to approve a ballot initiative that
would gradually increase the state’s minimum wage from $11.73 today to $15 in July
2027. Thereafter, the minimum wage would be adjusted to inflation each January.

The ballot measure would also allow workers to earn one hour of paid leave for every
30 hours worked, up to 56 hours of paid leave for employees of businesses with 15 or
more staff, and up to 40 hours of paid leave for employees of smaller businesses.

This fact sheet summarizes the main findings of an analysis by the Economic Policy
Institute (EPI), which estimates the impact of a $15 minimum wage in Alaska. Neither
this fact sheet nor the EPI report estimate the impact of the paid leave policy.