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The minimum wage increased to $14.15 and tipped minimum wage to $7.08 on January 1, 2024. The tipped rate is half of the current state minimum wage. [243] Rockland: Starting on January 1, 2024, for employers with more than 25 employees, the minimum wage will be $15.00. The minimum wage in future years be adjusted annually based on cost of ...
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 push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power. Had it just been adjusted for inflation since 2009, it would be $10.33 today.
1939. Minimum wage: $0.30 In 2024 money: $6.63 The very next year, 24as the Depression was finally drawing to a close, the minimum wage was raised by a nickel an hour to $0.30, where it would ...
These 22 states raised the minimum wage to start 2024. Justin Boggs. January 2, 2024 at 10:48 AM. ... With a new year comes a new minimum wage for some of America's lowest-paid workers. Twenty-two ...
Minimum wage law is the body of law which prohibits employers from ... $7.22 $274.45 No wage increase ... applied only to workers aged 16 or 17-years-old ...
The federal minimum wage in the US hasn’t changed from the hourly rate of $7.25 in over 14 years. But 22 states and 40 cities increased their own minimum wages to ring in the New Year.
Employees Under 20 Years Old Effective Date New Minimum Wage The next year on January 1 $6.00 1 year later $7.75 2 years later $9.50 3 years later $11.25 4 years later $13.50 5 years later $13.00 6 years later $16.50 7 years later $17.00