The wage increases are expected to affect more than 880,000 workers this summer as minimum wage laws take effect in areas including Alaska, Oregon, Washington, D.C. and certain cities in California and Washington state, according to a report by The Economic Policy Institute.

Minimum wage increases went into effect across several states and localities on Tuesday. Why it matters: In Alaska, Oregon, and Washington, D.C. alone, that means paycheck boosts for more than 880,000 people,

Washington, D.C. will raise its minimum by 45 cents to $17.95 an hour due to an automatic inflation adjustment, impacting an estimated 62,200 workers, or 7.5 percent of the city's workforce. The average worker there will earn about $727 more per year.