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As of July 1, 2024, the minimum wage in Chicago is $16.20 per hour for non-tipped employees and $11.02 for tipped employees. [62] Similarly, the minimum wage in Minneapolis, Minnesota had reached $15.00 per hour by 2022. [63]
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.
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 244 ] [ 245 ] [ 246 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
Arizona, Delaware, Michigan, and a slew of other states rang in the new year with a minimum wage increase. Find out if your state made the list. These 22 States Just Raised Their Minimum Wage To ...
According to the Economic Policy Institute, workers in 21 states got a raise on New Year’s Day in 2022. Minimum wage increases ranged from $0.22 to $1.50 an hour, adding between $458 and $3,120 ...
Lyft and Uber will stop offering services in Minneapolis on May 1 after the city council overrode the mayor’s veto of a minimum wage for rideshare drivers.. The city council on Thursday voted 10 ...
The Economist states that as inequality rises, political will to help low-paid workers increases, and minimum wages may not be as bad as some believe. [236] In a blog post on the Economic Policy Institute's site, they say that raising the federal minimum wage to $15 an hour would decrease income inequality. [237]
A well-known factoid in American economic debates is that wages used to grow with productivity, but they don't anymore. There's a particularly famous chart, courtesy of the Economic Policy ...