Federal and State Minimum Wage Rates, Annual - St. Louis Fed
Release Table for 2024, Release Tables: Federal and State Minimum Wage Rates, Annual. FRED: Download, graph, and track economic data.
Minimum Wage - U.S. Department of Labor
The federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.
Consolidated Minimum Wage Table | U.S. Department of Labor
Jul 1, 2024 · In those states where the state minimum wage is greater than the federal minimum wage, the state minimum wage prevails. There are 30 states plus the District of Columbia, Guam, Puerto Rico, and the Virgin Islands with minimum wage …
Federal Minimum Wage Rate under the Federal Fair Labor Standards Act
Mar 29, 2024 · Graph and download economic data for Federal Minimum Wage Rate under the Federal Fair Labor Standards Act (STTMINWGFG) from 1968 to 2024 about minimum wage, federal, wages, labor, rate, and USA.
Minimum Wage Tracker - Economic Policy Institute
The federal minimum wage has not been raised since 2009. In the absence of action at the national level, many states and localities have raised their own minimum wages. Explore the map to see how these rapidly changing laws differ across the country. Values as of July 1, 2024.
How Increasing the Federal Minimum Wage Could Affect …
Jan 30, 2024 · Under the default policy based on the Raise the Wage Act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027, $15.50 in 2028, and $17.00 in 2029; it is indexed to the median hourly wage thereafter. Subminimum wage for …
The impact of the Raise the Wage Act of 2023 - Economic Policy Institute
Jul 25, 2023 · The federal minimum hourly wage is just $7.25 and has not increased since 2009. The Raise the Wage Act of 2023, introduced in the U.S. House of Representatives and U.S. Senate on July 25, 2023, would gradually raise the federal minimum wage …
Characteristics of minimum wage workers, 2023 : BLS Reports: …
This report presents highlights and statistical tables describing workers whose earnings were at or below the federal minimum wage in 2023. In 2023, 80.5 million workers age 16 and older in the United States were paid hourly rates, representing 55.7 percent of all wage and salary workers.
Minimum wage - USAGov
Dec 6, 2023 · The federal minimum wage is $7.25 per hour. This rate applies to covered nonexempt workers. The minimum wage for employees who receive tips is $2.13 per hour. The amount of tips plus the $2.13 must reach at least $7.25 per hour.
The Raise the Wage Act of 2023 would: • Gradually raise the federal minimum wage from $7.25 to $17 by 2028; • Index future increases in the federal minimum wage to median wage growth to ensure the value of minimum wage does not once again erode over time; • Guarantee tipped workers are paid at least the full federal minimum wage by ...