Search results
Results From The WOW.Com Content Network
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]
Currently set to go into effect Feb. 21, the minimum wage changes would also alter the wages for “tip credit” jobs, which allows employees to be hired for less than minimum wage but earn tips.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
In April 2014, the United States Senate debated the Minimum Wage Fairness Act (S. 1737; 113th Congress). The bill would have amended the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period. [78]
The Minimum Salary To Be Upper-Middle Class To be part of the top 20% of the middle class, you need to earn $106,092 and $149,160, — depending on your geographic location — according to a ...
Skip to main content. 24/7 Help Help
Nobody may pay lower than the minimum wage, but under §218(a) states and municipal governments may enact higher wages. [117] This is frequently done to reflect local productivity and requirements for decent living in each region. [118] However the federal minimum wage has no automatic mechanism to update with inflation.
Saving money on a minimum wage salary might seem impossible, but, it's amazingly doable. The key is to keep yourself from becoming overwhelmed. Don't think about how much you'll have to sacrifice ...