How Much Does A Part Time Minimum Wage Job Make A Year The amount of money an employee can earn from a minimum wage job varies depending on federal and state laws Originally minimum wage was designed to enable families to afford the most basic needs but in practice the cost of living has increased much faster than the minimum wage In this article we answer the question of how much does a minimum wage job pay a year depending on location
Many part time positions have the potential to pay well above minimum wage In this article we examine 20 part time jobs that pay well While the jobs listed below are almost always hourly shift based or self scheduled many other positions can become part time by speaking with your manager or prospective manager The minimum wage in California means that a full time worker can expect to earn the following sums as a minimum before tax These assume a 40 hour working week 640 00 per working week 2 773 33 per month 33 280 00 per annum These figures are approximate
How Much Does A Part Time Minimum Wage Job Make A Year
How Much Does A Part Time Minimum Wage Job Make A Year
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Characteristics of minimum wage workers 2021 In 2021 76 1 million workers age 16 and older in the United States were paid at hourly rates representing 55 8 percent of all wage and salary workers Among those paid by the hour 181 000 workers earned exactly the prevailing federal minimum wage of 7 25 per hour About 910 000 workers had wages below the federal minimum Together these 1 1 Although the federal minimum wage is 7 25 an hour the minimum an employer must pay depends on the state the employee lives in Some states and even cities have mandated minimum wages that are different from the federal minimum
Characteristics of minimum wage workers 2022 In 2022 78 7 million workers age 16 and older in the United States were paid at hourly rates representing 55 6 percent of all wage and salary workers Among those paid by the hour 141 000 workers earned exactly the prevailing federal minimum wage of 7 25 per hour The annual earnings for a full time minimum wage worker is 15 080 at the current federal minimum wage of 7 25 Full time work means working 2 080 hours each year which is 40 hours each week However many states have their own minimum wages including 29 that are currently higher than the federal rate
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The federal minimum wage for covered nonexempt employees is 7 25 per hour Many states also have minimum wage laws In cases where an employee is subject to both the state and federal minimum wage laws the employee is entitled to the higher of the two minimum wages After 90 consecutive days of employment or the employee reaches 20 years of age whichever comes first the employee must receive a minimum wage of 7 25 per hour effective July 24 2009 Other programs that allow for payment of less than the full federal minimum wage apply to workers with disabilities full time students and student learners
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 In 1938 the Fair Labor Standards Act established it at 25 an hour 5 41 in 2023 6 Its The Fair Labor Standards Act FLSA establishes minimum wage overtime pay recordkeeping and child labor standards affecting most full time and part time workers in the private sector and in federal state and local governments
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How Much Does A Part Time Minimum Wage Job Make A Year - Biggest Wage Increases by State 2024 marks a significant year for minimum wage increases across various states Some states stand out with substantial hikes adjusting wages to better align with