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Work hours per renter per week at minimum wage to afford rent: 43. 8. Cincinnati, Ohio. Median asking rent: $1,365. Minimum wage 2024: $10.45. Work hours per renter per week at minimum wage to ...
The state minimum wage in Arizona increased from $13.85 per hour to $14.35 per hour on Jan. 1, 2024. Tipped employees in Arizona have a minimum wage of $11.35 per hour.
According to Paycor, the following states had changes to the minimum hourly wage: Alaska: $11.73 (up from $10.85) ... 2024. Nevada increases its minimum wage to $12 an hour from $11.25 on July 1 ...
Following the enactment of the Puerto Rico Minimum Wage Act (Law 47 of 2021) there will be a yearly increase of the minimum wage from $7.25 to $10.50 per hour by July 1, 2024. Minimum wage increased to $8.50 on January 1, 2022, [329] with subsequent increases for all employees covered by the FLSA as follows: [330] $9.50 on July 1, 2023
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.
In New Jersey, the minimum wage will reach $15 per hour in 2024. [83] In March 2019, both Maryland and Illinois have explicitly passed laws or statutes on the process of "gradually increases over several years" raising their state minimum wage to at least $15 per hour. [6] In May 2019, Connecticut passed a $15 per hour law.
The minimum wage is going up in a record 23 states and 65 cities and counties in 2025. More areas are adopting $15 an hour - or higher - as pay floor
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since ...