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Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £11.44 ...
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"If you are a single adult living anywhere in the country, you're going to need at least a $15 an hour job in order to make ends meet," said one economist.
A 2021 study on the effects in the late 1960s and early 1970s of the 1966 extension of the Fair Labor Standards Act, which extended the minimum wage to cover several economic sectors where nearly a third of all black workers were employed, found that the new minimum wages led to a sharp increase in earnings for the newly covered workers without ...
If there's a discrepancy between the state and federal minimum wages, the higher wage takes precedence. As of August 2022, 30 states had a minimum wage higher than the federal minimum. [87] The minimum wage reduces inequality, particularly among the lowest earners (Engelhardt & Purcell, 2021; [88] Autor & Smith, 2016 [89]).
In 2016, a national movement started pushing to raise the minimum wage to $15 an hour. But D.C.'s tipped workers, including servers and bartenders, weren't affected, thanks to a carve-out that let ...
India has among the most complicated minimum wage laws, with over 1200 minimum wages across the country, depending on the regional level of villages, tehsils, towns and cities and their individual expenses. For example, Mumbai has a minimum wage of Rs. 348/month (as of 2017) while the minimum wages in Nashik and villages in Bihar are far lesser.
Fast-food workers across the nation are striking for higher pay, aiming to get the federal minimum wage raised to $15 per hour. While a larger paycheck may sound nice in theory, a smaller paycheck ...