While many of today’s younger workers – and voters – may not have experienced the bite of inflation eating more of their compensation, those of us who more clearly understand the meaning and impact of the Consumer Price Index (CPI) are already seeing some effect from inflation. Among the many states, counties and cities that will increase their minimum wages on January 1, several have already announced their CPI-related increases. The state of Maine, for example, will see its minimum wage rise by 4.9% or 60 cents from the current $12.15 to $12.75, an increase 4 times greater than that which took effect in January 2021. The inflation factor will again come into play in calculating overtime eligibility in Maine as the state exemption threshold will also rise with the CPI to $38,251 per year. In Ohio, minimum wages as of January 1, 2022 will increase by 5.7% from the current $8.80 to $9.30 per hour, directly as a result of the current 5.8% rate of inflation the Buckeye state is experiencing. Many other states and locales have increases tied to the CPI and we’ll try to bring you as many as reasonable as soon as they’re announced.