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In 2013, 50% of minimum wage workers were between the ages of 15 and 19; in 1997, it was 36%. 50.2% of workers in this age group were paid minimum wage in 2013, an increase from 31.5% in 1997. Statistics Canada notes that "youth, women and persons with a low level of education were the groups most likely to be paid at minimum wage." [2]
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 244 ] [ 245 ] [ 246 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
This means that each province and territory has its own minimum wage. The lowest general minimum wage currently in force is that of the Saskatchewan ($11.45/hour), the highest is that of British Columbia ($15.20/hour). [136] Some provinces allow lower wages to be paid to liquor servers and other tip earners, and/or to inexperienced employees.
According to the Economic Policy Institute, workers in 21 states got a raise on New Year’s Day in 2022. Minimum wage increases ranged from $0.22 to $1.50 an hour, adding between $458 and $3,120 ...
Its minimum wage will hit $20.29 in January, up from $18.99 now. At that level it will have the highest standard minimum wage rate in the country among states, counties and cities as of January 1 ...
Minimum wage increases in the past few years have helped Americans keep pace with annual inflation that reached a 40-year high of 9.1% in mid-2022 before gradually falling to 2.6% recently.
As of 1 January 2022, the minimum wage is €10.50. Those aged 20 and over are eligible to receive 100 percent of the minimum wage. Those under the age of 18 are ...
Bank of America has raised its national minimum wage to $24 an hour, bringing the minimum annualized salary to $50,000, according to a statement released today. ... By 2022, that number peaked at ...