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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.
Looking ahead: The minimum wage rose to $13.50 last July, and for Portland workers, wages hit $14.75 in 2022; for rural workers, wages jumped $12.50. After that, increases will be tied to inflation.
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.
Minimum wage increased to $8.75 on December 31, 2015. [312] The state minimum wage is applicable to employers of six or more employees at one location not involved in interstate commerce [1] and for tipped employees is 30% of the federal minimum wage. [199] Wisconsin: $7.25 [313] $2.33
US map of hourly minimum wages by state and District of Columbia ... Texas: $7.25 $7.25 $7.25 ... Compares minimum wage adjusted for inflation by year.
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
A bill in New York would raise the state’s minimum wage to $21.25 by 2026, and then adjust it each year going forward for inflation. Right now, minimum wage workers in New York City get paid $15 ...
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 ...