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An analysis by The Economic Policy Institute says 21 states will raise their minimum wage at the first of the year, ... In 2025, the minimum wage for other workers in the state will be raised to ...
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1] [2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17. [3] [4] Versions of the bill have been introduced in each United States Congress since 2017.
The general wage increase is TBD after 2024, TBD after 2026 for seasonal wages, and will stop at $5.13 for tipped workers in 2022, and is TBD in 2025. [272] The minimum wage will increase in 2023 by an additional 13¢ in addition to its standard increases in pay rates due to an increase in the Consumer Price Index. [274]
Sen. Mitt Romney (R-UT) and Sen. Tom Cotton (R-AR) unveiled a proposal on increasing the federal minimum wage to $10 by 2025. The proposal comes as President Joe Biden and Democrats push to ...
Khanna told Business Insider that a federal minimum wage increase has broad support and that Democrats "should force Republicans to vote on that." ... January 14, 2025.
In February 2021, the Congressional Budget Office released a report on the Raise the Wage Act of 2021 which estimated that incrementally raising the federal minimum wage to $15 an hour by 2025 would benefit 17 million workers, but would also reduce employment by 1.4 million people.
Last year, Sen. Bernie Sanders (I-Vt.) proposed hiking the federal wage floor to $17 in five years and eliminating the “tipped” minimum wage that allows restaurants to pay servers as little as ...