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The new statute stated the Commissioner of Labor and Industry shall establish the adjusted state hourly minimum wage by October 1, 2024, to take effect on January 1, 2025, and then annually thereafter, if the General Assembly did not reenact scheduled increases to the minimum wage rates.
House passes bill that would raise Virginia's minimum wage from $12 to $15 an hour by 2026. The bill still has to pass in the Virginia Senate and get approved by Republican Gov. Glenn...
If Youngkin had signed them instead of issuing his veto, minimum wage in Virginia would have increased to $13.50 per hour by January 1, 2025, and then to $15 per hour by January 1, 2026....
Release Table for 2024, Release Tables: Federal and State Minimum Wage Rates, Annual. FRED: Download, graph, and track economic data.
Minimum wage. Increases the minimum wage from the current rate of $12.00 per hour to $13.50 per hour effective January 1, 2025, and to $15.00 per hour effective January 1, 2026. The bill satisfies a reenactment clause included in Chapters 1204 and 1242 of the Acts of Assembly of 2020.
By October 1, 2024, and annually thereafter, the Commissioner shall establish the adjusted state hourly minimum wage that shall be in effect during the 12-month period commencing on the following January 1.
Minimum wage. Increases the minimum wage from the current rate of $12.00 per hour to $13.50 per hour effective January 1, 2025, and to $15.00 per hour effective January 1, 2026. The bill satisfies a reenactment clause included in Chapters 1204 and 1242 of the Acts of Assembly of 2020.