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Future minimum wage increases pending Virginia General Assembly enactment: January 1, 2025: $13.50; January 1, 2026: $15.00; By October 1, 2026, the minimum wage will be tied to yearly inflation. Afterwards, the minimum wage will be re-adjusted by a Commonwealth Commissioner annually. Washington: $16.66 [310] $16.66 [310] $13.84 [310]
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 ...
As a reference point, the minimum wage rate in 2009 and 2017 was $7.25 per hour or $15,080 for the 2080 hours in a typical work year. The minimum wage is a little more than the poverty level for a single person unit and about 50% of the poverty level for a family of four.
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 ...
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 80th-99th percentile would incur a small cost (0-0.1% increase in average federal tax rate) while the top 1% would incur a 0.2% increase. The costs mainly are imposed indirectly as corporations facing higher taxes may reduce the wage increases or levels for workers; individual tax rates were not changed. [158]
The institute has criticized plans to expand the federal minimum wage. In 2015, it published a report by American Action Forum's Douglas Holtz-Eakin and Ben Gitis, which made the case that an increase of the federal minimum wage to $15 per hour by 2020 would cost 6.6 million jobs.
Candidate Tuition-free public college Debt relief for student loans Affirmative action Universal child care Universal pre-kindergarten Increase funding for primary and secondary public education