Analysts at Stifel published a deep dive in the restaurant sector and turned bearish for several reasons, one of which includes an anticipated hike in minimum wage across many states, which would pose a risk to corporate earnings.Here is a list of states that have already announced a minimum wage increase effective as of January 1, 2017: Arkansas will raise its minimum wage from $8.00 to $8.50.California will raise its minimum wage from $10.09 to $10.50 and then again to $11.06 on December 31, 2017.Connecticut will raise its minimum wage from $9.60 to $10.10.Hawaii will raise its minimum wage from $8.50 to $9.25.Massachusetts will raise its minimum wage from $10.00 to $11.00.Michigan will raise its minimum wage from $8.50 to $8.90.New York will raise its minimum wage from $9.00 to $10.39.Vermont will raise its minimum wage from $9.60 to $10.00.District of Columbia will raise its minimum wage from $11.00 to $11.50 and then again to $12.50 on December 31, 2017.Maryland will raise its minimum wage from $8.50 to $8.75 and then again to $9.25 on December 31, 2017.Minnesota will raise its minimum wage from $9.21 to $9.50.The U.S. population as a weighted average by state will see the minimum wage rise from $9.21 to $9.50.