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The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. A close second is California, which is raising its minimum to $16 from $15.50 on January 1.
Florida’s minimum wage will go up on September 30. With the increase, Washington will continue to have the highest minimum wage of all states at $16.28, up from $15.74.
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.
Consolidated State Minimum Wage Table. (Effective Date: January 1, 2025) Greater than federal MW Equals federal MW of $7.25 No state MW or state MW is lower than $7.25. Employers covered by the FLSA must pay the federal MW of $7.25. AK $11.91 CNMI AL AR $11.00 GA AZ $14.70 IA LA CA $16.50 ID MS CO $14.81 IN SC CT $16.35 KS TN DC $17.50 KY WY
A 2018 University of Washington study which investigated the effects of Seattle's minimum wage increases (from $9.50 to $11 in 2015 and then to $13 in 2016) found that while the second wage increase caused hourly wages to grow by 3%, it also caused employers to cut employee hours by 6%, yielding an average decrease of $74 earned per month per ...
Ohio's minimum wage is about to go up again in 2024. Starting Jan. 1, 2024, the new minimum wage will be $10.45 per hour for non-tipped employees and $5.25 per hour for tipped employees, according ...
History of the US federal minimum wage. Lower line is nominal dollars.Top line is inflation-adjusted. [1] [2]The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour.
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