How Much Is Minimum Wage Make In A Month

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How Much Is Minimum Wage Make In A Month Federal and State Minimum Wage Rates Annual Add to Data List Add to Graph Expand All Collapse All Please select a date range 1968 2024 Dollars per Hour Name Period Value Preceding Period Year Ago from Period Federal Minimum Wage Rate 2024 7 25

Have a Minimum Wage Higher than the Federal Minimum Wage of 7 25 an Hour 20 States Have the Same Minimum Wage as the Federal Minimum Wage of 7 25 an Hour or No Law about Minimum Wage and thus Default to Federal Wage 5 15 Georgia has a minimum wage lower than the federal minimum wage of 7 25 hour 17 00 DC has the highest minimum wage The federal minimum wage is 7 25 per hour This rate applies to covered nonexempt workers The minimum wage for employees who receive tips is 2 13 per hour The amount of tips plus the 2 13 must reach at least 7 25 per hour If not your employer must pay to make up the difference

How Much Is Minimum Wage Make In A Month

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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 In 1938 the Fair Labor Standards Act established it at 25 an hour Minimum wage will be 10 an hour plus an inflation adjustment in 2025 with the tipped minimum wage or tip credit rising to 48 It increases to 10 65 plus an inflation adjustment in 2026 with

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 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 About 882 000 workers had wages below the federal minimum

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Raising the minimum wage to say 70 or 75 of median earnings or better still changing the benchmark to the average wage 20 09 instead of the median wage 15 83 would work to counteract this The CRFB found that raising the federal minimum wage to 15 an hour would add about 50 billion to the deficit over the next 10 years Combined with making tips exempt from federal income and

Young people are more likely to earn the minimum wage than older workers While 2 9 of hourly workers ages 16 to 24 earn 7 25 an hour or less 1 1 of hourly workers ages 25 to 34 earn the minimum wage Less than 1 of hourly workers older than 35 years old earn the minimum wage The current federal minimum wage is 7 25 per hour or 2 13 per hour for tipped workers their total minimum wage inclusive of tips is 7 25 per hour Vice President Harris did not specify how high she would raise the minimum wage though she has previously discussed a minimum wage of at least 15 per hour at the state level

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How Much Is Minimum Wage Make In A Month - Four months ago the state s new 20 minimum wage increase went into effect Facebook California Fast Food Workers Union Many had to cut employee hours and some have expedited a move toward