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An increase to a $15 minimum wage could benefit as many as 1.6 million Ohio workers, according to a 2021 estimate from Policy Matters Ohio, along with the potential impact on the overall economy.
The state’s minimum wage rises by 25 cents on Jan. 1, going to $10.70 an hour to account for inflation. The current Ohio minimum wage for tipped employees is $5.25 per hour and $10.45 for ...
So it may be out of date at times. See date on table at source. [7] 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.
Ohio's minimum wage will increase from $10.45 per hour to $10.70 per hour starting next year. ... The minimum wage applies to businesses with annual gross receipts of more than $394,000 per year ...
There are also 32 states that have state prevailing wage laws, also known as "little Davis–Bacon Acts". The rules and regulations vary from state to state. As of 2016, the prevailing wage requirement, codified in the Davis–Bacon Act, increases the cost of federal construction projects by an average of $1.4 billion per year. [3]: 1
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [ 2 ] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings.
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Ohio's minimum wage is $10.45 per hour for non-tipped employees and $5.25 plus tips for tipped employees. Senate Bill 256, sponsored by Sen. Louis Blessing, increases the minimum wage 44% for both ...