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The United States federal government requires a wage of at least $2.13 per hour be paid to employees who receive at least $30 per month in tips. [4] If wages and tips do not equal the federal minimum wage of $7.25 per hour during any week, the employer is required to increase cash wages to compensate.
The state minimum wage is applicable to employers of six or more employees at one location not involved in interstate commerce [1] and for tipped employees is 30% of the federal minimum wage. [199] Wisconsin: $7.25 [313] $2.33 There is a special minimum wage for golf caddies: $5.90 per 9 holes and $10.50 per 18 holes.
Hover over chart graphs for correct data by year. Corrections summarized: CORRECTION: The Productivity Adjusted Minimum Wage Would Be $21.50 in 2020 and $23 in 2021. Mar 16, 2022. By Dean Baker - archived here. Info on real and nominal federal minimum wage over time. Real minimum wage is inflation adjusted. Source for $14 an hour real minimum ...
While more than two dozen others have raised subminimum pay for tip earners above the federal $2.13-an-hour floor — a rate last increased in 1991 — those workers still earn less in base pay ...
The federal minimum wage has remained stuck at $7.25 since 2009, the longest period without an increase since the Fair Labor Standards Act first established a minimum wage in 1938.
In July of this year, Chicago raised its minimum wage to $16.20 per hour for employers with four or more employees. The minimum wage for tipped employees in Chicago is now $11.02 per hour and is ...
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.
1956. Minimum wage: $1 In 2024 money: $11.29 On Mar. 1, 1956, the minimum wage was raised by one-third, just as it had been in 1945. For the first time in history, those entering the workforce ...