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Minimum wage employees in 22 states received a raise to start 2024 — the Lone Star State was not one of them. Here's how we compare Some states are raising minimum wage in 2024.
Texas: $7.25. Texas’ minimum wage matches the federal minimum wage, currently $7.25. ... Future bumps for Colorado’s minimum wage are pegged to inflation. Denver workers saw their wages rise ...
The federal minimum wage in the US hasn’t changed from the hourly rate of $7.25 in over 14 years. But 22 states and 40 cities increased their own minimum wages to ring in the New Year.
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.
The 1938 minimum wage law only applied to "employees engaged in interstate commerce or in the production of goods for interstate commerce," but in amendments in 1961 and 1966, the federal minimum wage was extended (with slightly different rates) to employees in large retail and service enterprises, local transportation and construction, state ...
Wage growth has since slowed, but the inflation rate has fallen faster, allowing income gains to keep up with rising prices from early 2023 through today. Find Out: The 50 Happiest States in ...
The minimum hourly wage can range by nearly $10 per hour depending on where you live. See how your state compares.
While the federal minimum wage remains at $7.25 per hour, many states have their own rates. More than half of U.S. states have announced adjustments to their minimum wages in 2023 to help residents...