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The federal minimum wage continues to sit at $7.25 an hour, a rate that hasn’t budged since 2009. As of now, 20 US states have a minimum wage at or below the federal level, with a handful ...
Minimum wage increases in the past few years have helped Americans keep pace with annual inflation that reached a 40-year high of 9.1% in mid-2022 before gradually falling to 2.6% recently.
This group will see the largest minimum-wage increase in the country – $2.28 – with the state’s new minimum wage of $11.13 for all employers. Washington, DC, continues to have the highest ...
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [5]
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.
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]
She points to MIT’s living wage calculator to assess what a single person without kids would have to earn per hour just to cover the cost of basic needs (e.g., food, housing, transportation and ...
The other states with minimum wage increases put into effect by their own residents were New York, which now has a $15.50 hourly rate — $16.50 for those working in New York City, Long Island ...