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The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [76] [5] By 1950 the minimum wage had risen to 75¢ per hour. [81] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]
So it may be out of date at times. See date on table at source. [7] 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.
The federal minimum wage has been stuck at $7.25 since 2009, not even close to the buying power it once brought workers — which peaked all the way back in the 1960s.
Fast-food employees in New York have picketed and protested for higher wages for months. Last week, New York's Wage Board approved the $15 minimum wage for fast-food workers. Gov. Andrew Cuomo ...
Despite the federal minimum wage being locked at $7.25, states can raise their minimum wage thresholds. Thirty states and the District of Columbia have minimum wages higher than $7.25 an hour.
The Democratic Caucus's budget proposal had 31 Democrats vote against it. The proposal would have spent $3.1 trillion in 2015 and was considered similar to the plan offered by President Obama. The plan had provisions to extend unemployment insurance for another year and raise the federal minimum wage to $10.10. Rep.
LOS ANGELES (AP) — Los Angeles on Tuesday is set to take a final vote on becoming the latest big U.S. city to endorse a hike in the minimum wage. The City Council is extremely likely to make ...