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The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [ 45 ] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
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 ...
Employment Policies Institute. The Employment Policies Institute is a fiscally conservative, non-profit American think tank that conducts and publishes research on employment issues, particularly aimed towards reducing the minimum wage. It was established in 1991 by Richard Berman, [2][3] and it has been described as "a nonprofit research group ...
The minimum wage is a legally mandated minimum amount of money employers must pay. ... they must pay a tip credit of $9.17 per hour and a minimum cash wage of $3.63. For employers with 15 or more ...
However, employers in some industries or locations are subject to higher minimum wage requirements. For example, as of April 1, 2024, fast-food workers in California earn a minimum wage of $20 per ...
The federal minimum wage is paid to a shrinking number of US workers – and a growing chorus of economists and employers agree it’s out of step with today’s reality. The US minimum wage has ...
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. [ 2 ] Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws ...
For anyone working a minimum wage job in this new year, they will be paid more in 22 states and in at least 40 cities and counties across the country than they were in 2023.
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