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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.
An effort to boost the state’s minimum wage to $12 by 2025 didn’t make it out of committee. ... Looking ahead: More minimum wage increases are slated for coming years: $14 in 2024, and $15 in ...
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 general wage increase is TBD after 2024, TBD after 2026 for seasonal wages, and will stop at $5.13 for tipped workers in 2022, and is TBD in 2025. [268] The minimum wage will increase in 2023 by an additional 13¢ in addition to its standard increases in pay rates due to an increase in the Consumer Price Index. [270]
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.
A study by the Congressional Budget Office found that gradually upping the federal minimum wage to $15 by 2025 would increase the wages for 17 million workers, but another 1.3 million workers ...
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
However, the city of Portland will increase its minimum wage to $13, $14 and then $15 at the beginning of 2022, 2023 and 2024, respectively. ... reaching $15 per hour in 2025. In addition, it ...