WebAs of January 3, 2024, 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 2024. Local government minimum wages exist as well, the highest of which reach to $17.13 per hour. 15,080: 15,080. 40 7.25: 7.25. 26.2 % 3 January 2024 ... WebNov 10, 2024 · In 1938, the federal government established a minimum wage of $0.25 under the Fair Labor Standards Act (FLSA). Adjusting for inflation, that wage is worth $4.94 today. 3 4 As of 2024, the...
US minimum wage by year - CNN
WebJul 17, 2024 · 1. David Cooper, Raising the Federal Minimum Wage to $15 by 2024 Would Lift Pay for Nearly 40 Million Workers, Economic Policy Institute, February 2024. 2. David Cooper, Zane Mokhiber, and Ben Zipperer, Minimum Wage Simulation Model Technical Methodology, February 2024. 3. New Mexico and Nevada also enacted state minimum … WebApr 2, 2024 · The U.S. federal minimum wage, as of 2024, is $7.25 per hour. 1 Congress established the minimum wage in 1938 to prevent employers from exploiting workers. 2 The U.S. Bureau of Labor Statistics (BLS) found that 1.1 million workers were paid the federal minimum wage or less in 2024. crystal\\u0027s spa and salon ithaca
Chart: The U.S. Minimum Wage By State Statista
WebFeb 21, 2024 · Inflation has also been eating away at the buying power of the federal minimum wage for the last few decades. The wage hit its peak in inflation-adjusted … WebCook County Minimum Wage Ordinance. Minimum Wage Ordinance. Cook County’s minimum reward is based on this greatest rate among the Federal minimum hourly, Illinois Nation minimum WebMar 1, 2024 · This chart shows the projected U.S. minimum wage if it rose alongside productivity, 1950-2024. ... The $15 minimum wage is being left out of the upcoming COVID-19 stimulus relief package expected ... crystal\u0027s spot lawrence ks