This Law Firm Publication by Fisher & Phillips LLP discusses the increase in Ohio's minimum wage, from $7.85 to $7.95 per hour. For tipped employees, the hourly minimum wage increased from $3.93 to $3.98 per hour. The increase, which is tied to the Consumer Price Index, does not apply to businesses grossing less than $292,000.00 per year. The increase became effective on January 1, 2014.