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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]
1974. Minimum wage: $2 In 2024 money: $12.46 Had the government not increased the minimum wage in 1974, It would have cratered by almost a full dollar from $12.46 in today's money all the way down ...
New Zealand was the first country to implement a national minimum wage, enacted by its government through the Industrial Conciliation and Arbitration Act 1894. [6] Current minimum wage law is described in the Minimum Wage Act 1983. The Minimum Wage (New Entrants) Amendment Act 2007 provided that the rates for 16- to 17-year-olds and those in ...
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 July 2019, the U.S. House passed a bill that would raise the minimum wage to $15 per hour by 2025, which could increase the incomes of 17 milli on to 27 million minimum wage workers, according ...
The minimum wage, unchanged since 2009 ... but most employers are required to pay at least $7.25 under the federal Fair Labor Standards Act. Tipped workers make the federal tipped minimum wage, $2 ...
Today, the Fair Labor Standards Act of 1938 aims to create a national minimum wage, and a voice at work, especially through collective bargaining should achieve fair wages. A growing body of law also regulates executive pay , although a system of " maximum wage " regulation, for instance by the former Stabilization Act of 1942 , is not ...
The federal minimum wage has remained stuck at $7.25 since 2009, the longest period without an increase since the Fair Labor Standards Act first established a minimum wage in 1938. A full-time ...