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Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
In the United States, different states are able to set their own minimum wages independent of the federal government. When the state and federal minimum wage differ, the higher wage prevails. As of August 2022, 30 states had a minimum wage higher than the federal minimum. [10] Washington, D.C. has the highest minimum wage at $17.50 per hour. [1]
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.
Looking ahead: Again, the minimum wage in Tennessee hasn’t budged since 2009, when the current federal minimum wage of $7.25 took effect. An effort to boost the state’s minimum wage to $12 by ...
For instance, the minimum wage in New York City is $16 an hour, $1 higher than in the state. As of 2022, about 1.23 million workers in the U.S. made at or below the federal minimum wage, according ...
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [209] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [210]
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