National Minimum Wage In Us
From 2017 through 2020 the minimum wage will increase annually on a set schedule and will be adjusted annually thereafter based on a set formula.
National minimum wage in us. National living wage and national minimum wage rates increased on 1 april 2020. Each state can also set a minimum wage rate. How does united states minimum wage compare to the minimum wage in other countries. All states have a minimum hourly wage for government workers.
The minimum wage in the united states is set by us labor law and a range of state and local laws. 2 00 in pohnpei 1 25 in chuuk 1 42 in kosrae and 1 60 in yap. The minimum wage the lowest hourly amount that an employee may be paid for their labor is determined by both state and federal labor laws in the united states under the federal fair labor standards act states and localities are permitted to set their own minimum wage rates which will take precedence over the federal minimum wage rate if they are higher. The minimum wage across the country varies from the federally mandated minimum of 7 25 per hour in many states to as high 12 00 and 13 50 per hour in states arizona colorado california and washington.
Because of the fair labor standards act the. The increases will be in 24 states and 48 cities and counties. Us 2 65 per hour for employment with the national government. The minimum wage is set to go up in 72 us jurisdictions in 2020.
Many states also have minimum wage laws. United states yearly minimum wage is 15 080 00 in. Minimum wage rate and overtime provisions applicable to retail and service commercial support service food and beverage and health and medical industries. Since july 24 2009 the federal minimum wage is 7 25 per hour.
The federal minimum wage for covered nonexempt employees is 7 25 per hour. Neither georgia nor wyoming has raised its minimum wage from 5 15 per hour even after the federal government boosted the national minimum to 7 25. For more see the united states minimum wage by state united states minimum wage was last changed in 24 jul 2009. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law.
This report reviews those increases and the lpc s new remit to 2024.