when does the federal minimum wage go up
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2018 Federal and State Minimum Wage Rates Federal Minimum Wage. The current federal minimum wage is $7.25 per hour, and has not increased since July 2009. However, some states have a higher minimum wage rate. When the state minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount.
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Here's where the minimum wage is going up in 2018 On Dec. 31 and Jan. 1, the minimum wage will go up in 18 states and about 20 cities and counties, according to an analysis by the National Employment Law Project. In some cases, the increases put employees closer to a $15 an hour minimum wage, or what workers' rights advocates call the living wage. In New York state, the minimum wage for fast food workers outside New York City will rise from $10.75 to $11.75 over the weekend. It will hit $15 an hour by July 2021.
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Raising the Federal Minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost Our research shows that raising the federal minimum wage to $10.10 by 2016 would provide an additional $35 billion in wages over the phase-in period to directly and indirectly affected workers, who are likely to then spend that additional income.oday’s minimum wage is equal to only 36 percent of the average production, non-supervisory worker wage. Raising the minimum wage to $10.10 by 2016 would return the minimum wage to roughly 50 percent of the average production worker wage.
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Global Minimum Wage America on $7.25 an hour. Federal minimum wage in the United States currently stands at $7.25 an hour, or $1,200-1,300 per month, and hasn't been raised since 2009. Its place relative to the median wage -- less than 40 percent -- makes it one of the lowest minimum wages across OECD countries.
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Can A Family Survive On The U.S. Minimum Wage? (WMT, COST) By January 2015, when Hart Research did a nationwide survey, 75% of Americans supported raising the federal minimum wage to $12.50 per hour by 2020, with even a majority of Republicans (53%) favoring it. The poll further showed that 63% of those surveyed favored hiking the minimum to $15 by 2020.
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The US Federal Minimum Wage While the current US federal minimum wage was last set at $7.25 per hour on July 24, 2009, your age, type of employment, even where you live can alter the legal minimum hourly wage your employer is required to pay.
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- After reaching $10.10 in 2016, the minimum wage would be adjusted annually for inflation as measured by the consumer price index.  A “$9.00 option” would raise the federal minimum wage from $7.25 per hour to $9.00 per hour in two steps—in 2015 and 2016.fter 2016, the minimum wage under the $10.10 option would increase slightly in the 2013 dollars shown in this figure because it would be indexed to the consumer price index, which would grow faster than the price index for personal consumption expenditures, CBO projects.
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Can A Family Survive On The U.S. Minimum Wage? (WMT, COST) The Federal Fight. The federal minimum wage has been $7.25, or $15,080 a year, since 2009. Just to have kept up with inflation since 1968, the high-water mark of the minimum wage’s value, it would need to be $10.90.
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The Effects of a Minimum-Wage Increase on Employment and Family Income 1 After reaching $10.10 in 2016, the minimum wage would be adjusted annually for inflation as measured by the consumer price index. 2  A “$9.00 option” would raise the federal minimum wage from $7.25 per hour to $9.00 per hour in two steps—in 2015 and 2016.
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The US Federal Minimum Wage The answer to that question can be trickier than you might think. While the current US federal minimum wage was last set at $7.25 per hour on July 24, 2009, your age, type of employment, even where you live can alter the legal minimum hourly wage your employer is required to pay.
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- Federal law requires employers to pay all employees a minimum hourly wage, currently $7.25 a year later. Each state is also free to impose its own minimum wage (and many do). In addition, some cities and counties have passed living wage laws, which may set an even higher minimum wage.
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Minimum Wage The federal minimum wage has been $7.25 since 2009, set forth by the Fair Labor Standards Act (FLSA). The act also dictates that workers must receive overtime pay equivalent to 1.5 times the standard wage, for any more than 40 hours worked in a single week.
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Here's where the minimum wage is going up in 2018 In some areas, wages are going up, but remain closer to the federal minimum wage of $7.25 an hour. Congress hasn't voted to raise the minimum wage in more than a decade. In Missouri, for example, the minimum wage will rise from $7.70 an hour to $7.85 an hour in 2018, a slight uptick said to account for inflation. Here's where workers will see their pay rise in the new year, and how much they'll begin to make.
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- 1 On January 1, 2018, the minimum wage will increase to $11 per hour. 2  On January 1, 2019, the minimum wage will increase to $12 per hour. 3  On January 1, 2020, the minimum wage will increase to $13 per hour.  On January 1, 2021, the minimum wage will increase to $14 per hour.
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- 1 On January 1, 2017, the minimum wage will increase to $10.50 per hour. 2  On January 1, 2018, the minimum wage will increase to $11 per hour.  On January 1, 2019, the minimum wage will increase to $12 per hour.
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Minimum wage in the United States From January 1981 to April 1990, the minimum wage was frozen at $3.35 per hour, then a record-setting minimum wage freeze. From September 1, 1997 through July 23, 2007, the federal minimum wage remained constant at $5.15 per hour, breaking the old record. From the United States Department of Labor.
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How Much is the Minimum Wage? Increases in the Minimum Wage. Until 1956, the federal minimum wage was still below a dollar, only rising to $1.15 by 1961. The minimum wage did not reach the current (2017) hourly rate of $7.25 until 2009. Since 1938, the federal minimum wage has been raised 22 times.
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2018 Federal and State Minimum Wage Rates The current federal minimum wage is $7.25 per hour, and has not increased since July 2009. However, some states have a higher minimum wage rate. When the state minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount.
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5 facts about the minimum wage And while large majorities of blacks and Hispanics supported a $15 federal minimum wage, 54% of whites opposed it, Here are five facts about the minimum wage and the people who earn it: 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation.
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Jan. 1 minimum wage increase to $10.20 Colorado's 2nd stop on way to $12 by 2020 Colorado will take the next step toward a $12 minimum wage by 2020. Starting on Jan. 1, the state's hourly minimum wage goes to $10.20 from the current $9.30. The following year, the wage will rise to $11.10. In 2020, it goes to $12. After 2020, the wage will be adjusted annually based on the the Denver-Greeley inflation index.
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Minimum Wage Law Requirements for Employers The Fair Minimum Wage Act of 2007 raised the federal minimum wage to $7.25 per hour effective July 24, 2009. This rate must be paid to all nonexempt employees for each hour worked up to and including 40 hours in a calendar workweek.
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2018 Federal and State Minimum Wage Rates The current federal minimum wage is $7.25 per hour, and has not increased since July 2009. However, some states have a higher minimum wage rate. When the state minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount. Currently, there are no official decisions on an increased federal minimum wage in 2017.
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- *The minimum wage rate will increase again in 2016 to $10.00 per hour; and, again, in 2017, to $11.00 per hour. The service rate will increase to $3.35 and to $3.75, respectively.
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Upcoming Changes in Federal Wage Law Q – Are other changes coming in 2016? A - The Department of Labor released a revised Worker Rights Under Executive Order 13658 Notice, stating that as of January 1, 2016, Federal Contractors must pay a minimum wage of $10.16 to hourly employees, and a minimum of $5.85 hourly to tipped employees.
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NYâs minimum wage to rise at yearâs end New York’s minimum wage is set to increase on Saturday, Dec. 31. It is currently $9 an hour. The new rate in New York City will be $11 an hour or $10.50 an hour for employers with less than 10 workers.