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Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [79] [7] By 1950 the minimum wage had risen to 75¢ per hour. [83] [7] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
On Jan. 1st, 2023, the minimum wage in Illinois will increase to $13 an hour, with a tipped minimum wage of $7.80 an hour. This continues a trend of raising the state’s minimum wage by one ...
President Joe Biden and most Democrats have been calling for a drastic increase in the federal minimum wage, to $15 from $7.25. ... Illinois will raise its minimum wage to $13 at the beginning of ...
Although the federal minimum wage hasn't changed in more than 10 years, smaller-scale changes have persisted throughout this year. ... Illinois: $10 to $11, effective Jan. 1, 2021. Oregon: $12 to ...
The Fair Minimum Wage Act of 2007[ 3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
The state requires employers to pay tipped employees who earn more than $30 in tips, a minimum cash wage above the federal minimum cash wage of $7.25 per hour. Davel5957 / Getty Images Arkansas: $11
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. [219] 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. [220]