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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.
Following the enactment of the Puerto Rico Minimum Wage Act (Law 47 of 2021) there will be a yearly increase of the minimum wage from $7.25 to $10.50 per hour by July 1, 2024. Minimum wage increased to $8.50 on January 1, 2022, [328] with subsequent increases for all employees covered by the FLSA as follows: [329] $9.50 on July 1, 2023
States That Raised Their Minimum Wage in 2021. ... $14 and then $15 at the beginning of 2022, 2023 and 2024, respectively. ... which raised its minimum wage to $21 per hour. They are even planning ...
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers. ... the federal minimum wage of $7.25 an hour hasn't budged ...
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £11.44 ...
This includes budget changes in 2023 that increased the minimum wage for city employees from $15 to $20. Similar efforts have been successful in Houston , where in 2021 a minimum wage of $15 was ...
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since ...
For its 2023 edition of “Cities Where Minimum Wage Goes Further” study, minimum wage stats from 79 of the largest U.S. cities were adjusted with cost of living data from the Council for ...