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The pay scale was originally created with the purpose of keeping federal salaries in line with equivalent private sector jobs. Although never the intent, the GS pay scale does a good job of ensuring equal pay for equal work by reducing pay gaps between men, women, and minorities, in accordance with another, separate law, the Equal Pay Act of 1963.
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 Federal Wage System (FWS) in the United States was developed to make the pay of federal blue-collar workers comparable to prevailing private sector rates in each local wage area. The FWS is a partnership worked out between the Office of Personnel Management (OPM), other Federal agencies, and labor organizations.
Sen. Mitt Romney (R-UT) and Sen. Tom Cotton (R-AR) unveiled a proposal on increasing the federal minimum wage to $10 by 2025. The proposal comes as President Joe Biden and Democrats push to ...
Here are five ways Trump’s plan to eliminate income taxes could impact your salary in 2025. Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move?
The executive order, announced in November 2021, is designed to attract and retain good workers and provide economic security to federal employees. See: Minimum Wage Will Increase to $15 for ...
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 2025, the minimum wage for other workers in the state will be raised to $16.50. Here are the states that will boost their minimum wage at the first of the year, and how much workers will be paid: