Summary of minimum wage impacts by year
| Statistic | 2025 | 2026 | 2027 |
|---|---|---|---|
| Wage-earning workforce | 315,600 | 317,300 | 319,000 |
| Count directly affected | 9,900 | 12,500 | 16,000 |
| Share directly affected | 3.1% | 3.9% | 5.0% |
| Count indirectly affected | 12,700 | 12,600 | 14,800 |
| Share indirectly affected | 4.0% | 4.0% | 4.6% |
| Total affected directly or indirectly | 22,600 | 25,100 | 30,800 |
| Share affected directly or indirectly | 7.2% | 7.9% | 9.7% |
| Total change in annual wage bill | $19,162,000 | $33,808,000 | $51,141,000 |
| Total counterfactual annual wage bill | $26,475,232,000 | $26,714,711,000 | $26,917,555,000 |
| Average change in annual wages (full-time worker) | $848 | $1,349 | $1,659 |
| Average change in hourly wages | $0.52 | $0.83 | $1.02 |
Notes: Estimated effect of minimum wage increases through 2027. All values in 2023 dollars. Results are cumulative. Government workers and agriculture, fishing, and mining workers are exempt from Alaska's minimum wage.
Source: Economic Policy Institute Minimum Wage Simulation Model; 2015–2019 5-year ACS data pinned to 2023 CPS wage distribution. Employment scaled to match 2023 CPS labor force size. For more details see Cooper, Mokhiber, and Zipperer 2019.