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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.
Minimum wage schedules set pay by occupation; for example, the minimum wage for domestic workers, for example, was EC$4.5 per hour, while that for a security guard was EC$8 per hour. [10] 40 2017 Guatemala: Q 81.87 (US$10.9) per day for agricultural and nonagricultural work and Q 74.89 (US$10) per day for work in export-sector regime factories ...
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]
The U.S. inflation rate was posted at about 6.4% year-over-year as of January 2023, per the latest CPI data. ... The obvious solution is to ask for a pay raise of 6.5% or so to at least stay even ...
The act implemented three increases to the federal minimum wage—from $5.15 an hour to $5.85 per hour on July 24, 2007, to $6.55 per hour on July 24, 2008, and to $7.25 an hour on July 24, 2009. [ 135 ]
'Cost of living in 2023 is so bad': This TikToker says she brings home nearly $100K/year — but claims she was better off in 2012 earning minimum wage. 3 simple ways deflate your budget Sabina ...
SACRAMENTO, Calif. (AP) — California’s minimum wage will jump to $15.50 per hour next year, Gov. Gavin Newsom’s administration announced The post Inflation triggers California law to boost ...
The Economist states that as inequality rises, political will to help low-paid workers increases, and minimum wages may not be as bad as some believe. [235] In a blog post on the Economic Policy Institute's site, they say that raising the federal minimum wage to $15 an hour would decrease income inequality. [236]