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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.
State legislatures have responded across the nation, and currently, 21 states are slated to put 2017 minimum wage increases into effect.
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 federal minimum wage is currently at $7.25 — money that has stayed the same since 2009. Read More: The Salary Needed To Afford America’s 50 Biggest Cities Check Out: 9 Things You Must Do ...
Twenty-two states, plus the District of Columbia, will see their minimum wages increase over the course of 2017.
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
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.
Louisiana: None. There is no official state minimum wage in Louisiana, so the federal minimum wage of $7.25 is the default standard. Tipped workers make the federal tipped minimum wage, $2.13.