Alaska’s minimum wage increased Jan. 1 to $10.34 per hour from $10.19 per hour for 2020. For an employee working 40 hours per week, the new wage calculates to $413.60. An increase of $6 per week. The increase is the result of a ballot measure in 2014 that causes the minimum wage to be adjusted based upon the consumer price index in Anchorage. The Anchorage consumer price index increase 1.4 percent in 2019.
The Alaska minimum wage must remain $1 higher than the federal minimum wage which is $7.25. School bus drivers are required to be paid twice the minimum wage, or $20.68 per hour in 2021.