What Is The Minimum Wage In Us 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
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 State minimum wages Release Table for 2024 Release Tables Federal and State Minimum Wage Rates Annual FRED Download graph and track economic data
What Is The Minimum Wage In Us
What Is The Minimum Wage In Us
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Wages Minimum Wage Minimum Wage 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 8 Ohio employers with annual gross receipts under 385 000 must pay no less than 7 25 per hour 9 The standard minimum wage in Oregon is 14 20 per hour The minimum wage in the Portland metro area is 15 45 per hour and the minimum wage in nonurban counties is 13 20 per hour Additional Minimum Wage Information
Overview The federal minimum wage provisions are contained in the Fair Labor Standards Act FLSA The federal minimum wage is 7 25 per hour effective July 24 2009 Many states also have minimum wage laws Some state laws provide greater employee protections employers must comply with both The minimum wage is the lowest legal wage that companies can pay their workers The purpose of minimum wage laws is to prevent employers from exploiting workers The minimum wage should provide enough income to afford a living wage the amount needed to provide enough food clothing and shelter
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About BLS reports subscribe April 2022 Report 1098 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 The minimum wage is a legally mandated base pay for nonexempt hourly workers The federal minimum wage in the United States as of 2024 is 7 25 per hour States and local municipalities can
In the United States the federal minimum wage is 7 25 U S dollars per hour which when adjusted for inflation is approximately 40 percent lower than what it was in 1970 To offer a global One Minute Takeaway Federal minimum wage is still 7 25 but more than 20 states are increasing minimum wage in 2024 Washington state and Washington D C have the highest minimum wage Georgia and Wyoming have the lowest minimum wage Federal and state minimum wage changes in 2024
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What Is The Minimum Wage In Us - The minimum wage is the lowest legal wage that companies can pay their workers The purpose of minimum wage laws is to prevent employers from exploiting workers The minimum wage should provide enough income to afford a living wage the amount needed to provide enough food clothing and shelter