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State 2022 2023 2024 [1] [5] ... The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [76] [5] By 1950 the minimum wage had risen to 75¢ per hour. [81] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
President Joe Biden and most Democrats have been calling for a drastic increase in the federal minimum wage, to $15 from $7.25. ... Many of New York’s minimum-wage workers ring in 2023 by ...
General minimum wage by territory, as of February 2023. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries.
In 20 States, the Bottom Is Still $7.25. According to the Economic Policy Institute, 30 of America’s 50 states and Washington, D.C., have enacted minimum wages that are higher than the federal ...
The federal minimum wage in the US hasn’t changed from the hourly rate of $7.25 in over 14 years. ... California enacted industry-specific hourly wages in 2023: Fast-food workers now earn a ...
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 federal minimum wage has been $7.25 an hour since 2009. That was 13 years ago. That's the longest the minimum wage has remained stagnant since the Fair Labor Standards Act first set it at 25 ...