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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.
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.
The move will increase the current minimum wage of $10.95 by nearly 37% by March of next year and continue to tie future increases to inflation. It will apply to federal workers from cleaning and ...
The federal minimum wage has been $7.25 since 2009. ... "The current federal minimum wage is $7.25 an hour, which means that the person who is working a full day and full weeks will make $15,000 ...
The executive order, announced in November 2021, is designed to attract and retain good workers and provide economic security to federal employees. See: Minimum Wage Will Increase to $15 for ...
The Fair Minimum Wage Act of 2007 is the current federal minimum wage law of the United States. It was signed into law on May 25, 2007 [134] as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The act implemented three increases to the federal minimum wage—from $5.15 an ...
President Biden is issuing an executive order today to raise the minimum wage from $10.95 to $15 for federal contractors, the White House said in a statement. See: Do You Think the Minimum Wage ...
The federal minimum wage has not risen from $7.25 for 15 years.That run extends the longest such streak since the federal minimum wage was implemented in 1938. However, because of inflation and ...