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Raising the minimum wage in Texas has its pros and cons. On the one hand, it would increase the cost of hiring workers and could burden small businesses , causing a possible growth in unemployment ...
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.
The earliest minimum wage laws in the United States were state laws focused on women and children. [25] These laws were struck down by the Supreme Court between 1923 and 1937. [25] The first federal minimum wage law, which exempted large parts of the workforce, was enacted in 1938 and set rates that became obsolete during World War II. [25]
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 Kaitz index, devised in 1970 and named after Hyman Kaitz, is an economic indicator represented by the ratio of the nominal legal minimum wage to median wage adjusted for the industry-level coverage. [1] [2]
Minimum wage laws receive less support from economists than from the general public. Despite decades of experience and economic research, debates about the costs and benefits of minimum wages continue today. [19] Various groups have great ideological, political, financial, and emotional investments in issues surrounding minimum wage laws.
California implemented its $20 minimum wage law for fast-food workers on Monday, bumping pay up to 25% from the state’s $16 minimum. Impacting over 500,000 workers in the state, the mandate was ...
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]