Anchorage business owners concerned about Alaska minimum wage rising

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Ballot Measure 1 News

Alaska Minimum Wage,Alaska Hiring,Alaska Workers

The passage of Ballot Measure 1 from the November 2024 election made local business owners share their fear for their businesses.

, will raise the minimum wage in Alaska beginning in 2025. The language in the ballot specifies after yearly raises beginning in 2025 with $13/hour, $14/hour in 2026, and $15/hour in 2027. “The minimum wage would always be at least $2 above the federal minimum wage.”

In a meeting held at 49th State Brewing in downtown Anchorage, local business owners shared they felt concerned about the impact the ballot measure could have on their profits. Celeste Hodge Growden, President and CEO of the Alaska Black Caucus, said she attended the meeting because she felt confused about what to expect now that the ballot measure has passed.

“We’re paying a lot more than the minimum wage,” Hodge Growden said. “But even with this ballot passing, one of the things we weren’t able to provide is the paid leave.”

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