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The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [76] [5] By 1950 the minimum wage had risen to 75¢ per hour. [81] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
Minimum wage schedules set pay by occupation; for example, the minimum wage for domestic workers, for example, was EC$4.5 per hour, while that for a security guard was EC$8 per hour. [10] 40 2017 Guatemala: Q 81.87 (US$10.9) per day for agricultural and nonagricultural work and Q 74.89 (US$10) per day for work in export-sector regime factories ...
Despite persistent inflation, the federal minimum wage remains $7.25 per hour. More than 13 years have passed since Congress last raised the federal minimum wage in 2009, the longest such stretch ...
Wage gains exceeded inflation in 2023, with real (inflation-adjusted) hourly earnings for all employees increasing 0.8% from December 2022 to December 2023. [42] The inflation rate measured vs. one year earlier was 6.4% in January 2023 and 3.1% in December as the inflation rate slowed. [43]
The U.S. inflation rate was posted at about 6.4% year-over-year as of January 2023, per the latest CPI data. ... The obvious solution is to ask for a pay raise of 6.5% or so to at least stay even ...
As of 2006 however, the federal minimum wage is defined to be the general adult minimum wage rate of the province or territory where the work is performed. This means, for example, that an interprovincial railway company could not legally pay a worker in British Columbia less than $ 10.45 an hour regardless of the worker's experience.
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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.