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Following the enactment of the Puerto Rico Minimum Wage Act (Law 47 of 2021) there will be a yearly increase of the minimum wage from $7.25 to $10.50 per hour by July 1, 2024. Minimum wage increased to $8.50 on January 1, 2022, [330] with subsequent increases for all employees covered by the FLSA as follows: [331] $9.50 on July 1, 2023
Long title: An Act to make provision enabling an enforcement notice under section 19 of the National Minimum Wage Act 1998 to impose a requirement under subsection (2) of that section in relation to a person, whether or not a requirement under subsection (1) of that section is, or may be, imposed in relation to that or any other person; and to limit the pay reference periods in respect of ...
New Zealand was the first country to implement a national minimum wage, enacted by its government through the Industrial Conciliation and Arbitration Act 1894. [6] Current minimum wage law is described in the Minimum Wage Act 1983. The Minimum Wage (New Entrants) Amendment Act 2007 provided that the rates for 16- to 17-year-olds and those in ...
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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 regulation attempts to set an hourly, or other periodic monetary standard for pay at work. A recent example was the U.K. National Minimum Wage Act 1998. Germany is currently debating whether to introduce its own.
A 2019 Congressional Budget Office report found that a national $15 per hour minimum wage would boost the wages for 17 million people, but would also cause about 1.3 million people to lose their jobs.