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One of these employers offers nearly $29 an 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 minimum wage increase examined by CBO is similar to the wage increase called for in the Raise the Wage Act of 2019, which would bump the minimum wage to $15 by 2024 and would be indexed to ...
Nardelli pointed to persistent inflation — the consumer price index rose 0.3% in January, higher than expected — and wage increases, which could be curtailing demand for labor as employers ...
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
The 1938 minimum wage law only applied to "employees engaged in interstate commerce or in the production of goods for interstate commerce," but in amendments in 1961 and 1966, the federal minimum wage was extended (with slightly different rates) to employees in large retail and service enterprises, local transportation and construction, state ...
An employer can pay below the federal minimum wage unless a state has its own law on employee compensation. For example, businesses making less than $500,000 per year are not subject to the ...
Department of Labor poster notifying employees of rights under the Fair Labor Standards Act. The Fair Labor Standards Act of 1938 29 U.S.C. § 203 [1] (FLSA) is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week.
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