If the number of U.S. states that enact a new general minimum wage increase is at least 1 in 2027, then the market resolves to Yes. A state qualifies upon enactment during 2027 of a statute or voter-approved measure that raises that state's general minimum wage above the rate prior law would have produced. Enactment requires the governor's signature, a veto override, or the measure becoming law without signature. A ballot measure qualifies on approval by voters at an election held during 2027. The effective date may fall in 2027 or later. A state also qualifies by accelerating or raising an already-scheduled step, by changing an indexing formula so that the rate comes out higher, or by setting a general minimum wage for the first time. Each state counts once however many measures it enacts, and stays counted if the measure is later repealed, superseded or enjoined. The following do NOT count: An automatic inflation or cost-of-living adjustment under existing law An increase enacted before 2027, whichever year it takes effect A measure that lowers, freezes, caps or preempts a minimum wage A measure raising only a sub-population rate, such as tipped, youth, agricultural or public contractor wages, without raising the general rate An executive order, agency rule, wage board order or court decision A city, county or other local ordinance A bill passed by one or both chambers but not enacted, and a measure placed on a 2028 or later ballot Washington, D.C. and the U.S. territories are NOT states. Neither the January 1, 2027 increases in states that index to inflation nor the already-enacted 2027 steps in Michigan, Alaska, Virginia and Rhode Island count.