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A minimum wage is the lowest remuneration that employers ... “the minimum pay must be sufficient to meet the essential needs of the wage-earner or salary-earner ...
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. [4] 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. [5]
1938. Minimum wage: $0.25 In 2024 money: $5.44 The original minimum wage was a quarter an hour. If that sounds terrible, that's because it was. That kind of pay provided less than two-thirds of ...
The German minimum wage level will be updated every other year by a minimum wage commission and acceptance by the government. Since a legal minimum wage law is a derogation of the constitutional right of a collective tariff autonomy, it is discussed whether and to what extent the minimum wage is consistent with the constitution.
The National Low Income Housing Coalition points out that the average minimum wage earner would have to work 97-hour weeks to afford rent in a two-bedroom apartment at fair market value.
Louisiana: None. There is no official state minimum wage in Louisiana, so the federal minimum wage of $7.25 is the default standard. Tipped workers make the federal tipped minimum wage, $2.13.
Because the Republican Party has opposed raising wages, the federal real minimum wage is over 33 per cent lower today than in 1968, among the lowest in the industrialized world. People have campaigned for a $15 an hour minimum wage, because the real minimum wage has fallen by 43% compared to 1968. [112]
Only seven states already pay a single minimum wage regardless of tips. While more than two dozen others have raised subminimum pay for tip earners above the federal $2.13-an-hour floor — a rate ...