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The state’s minimum wage rises by 25 cents on Jan. 1, going to $10.70 an hour to account for inflation. The current Ohio minimum wage for tipped employees is $5.25 per hour and $10.45 for ...
In a 12-month period from Sept. 1, 2022, to Aug. 31, 2023, inflation increased by 3.7%. The Ohio minimum wage rate only applies to employees of businesses with annual gross receipts of more than ...
Ohio's minimum pay is increasing to $10.70 from $10.45 due to an inflation adjustment, but there is not a single county in the state where a worker can make less than $17.73 an hour and maintain a ...
It increased the territorial minimum wage from $7.25 to $10.50 per hour (or higher) by July 1, 2024, and created the Minimum Wage Review Commission within the Puerto Rico Department of Labor and Human Resources which was to review and increase the minimum wage yearly via decrees. If by July 1, 2024, the Minimum Wage Review Commission decides ...
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.
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1] [2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17. [3] [4] Versions of the bill have been introduced in each United States Congress since 2017.
In 2006, Ohio voters approved a minimum wage increase tied to inflation. The minimum wage applies to businesses with annual gross receipts of more than $394,000 per year. The minimum wage is $7.25 ...
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [ 2 ] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings.