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Millions of low-wage earners are getting a raise in 2025 as 21 states are slated to hike their minimum pay starting Jan. 1. State laws that index the minimum wage to inflation are behind 13 of the ...
The state’s minimum wage rises by 25 cents on Jan. 1, going to $10.70 an hour to account for inflation. The current Ohio minimum wage for tipped employees is $5.25 per hour and $10.45 for ...
The minimum wage is $7.25 per hour for employees of smaller businesses and 14- and 15-year-olds. A recent effort to increase the state's minimum wage to $15 an hour didn't collect enough ...
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 Congressional Budget Office (CBO) in 2014 estimated the theoretical effects of a federal minimum wage increase under two scenarios: an increase to $9.00 and an increase to $10.10. According to the report, approximately 100,000 jobs would be lost under the $9.00 option, whereas 500,000 jobs would be lost under the $10.10 option (with a wide ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Nearly half the states in the U.S. are raising their minimum wages in 2025, meaning pay hikes for more than 9 million workers, according to a new report. ... In 2025, the minimum wage for other ...
Oct. 1—COLUMBUS — Ohio's minimum wage will increase beginning Jan. 1, 2025, to $10.70 per hour for non-tipped employees and $5.35 per hour for tipped employees. The minimum wage will apply to ...