what are the minimum wages
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About the Minimum Wage About the Minimum Wage. The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act) and some states and cities have raised their minimum wage even higher than that. San Francisco, CA, has the highest minimum wage in the country at $10.55 an hour. Employees that earn the minimum wage tend to be young, and work in businesses that keep a few cents of each sales dollar after expenses.
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Minimum Wage Federal 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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Wage & Hour Laws The federal minimum wage for covered nonexempt employees is $7.25 per hour effective July 24, 2009. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). 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.
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Colorado $12 Minimum Wage, Amendment 70 (2016) • The federal minimum wage is $7.25 per hour andthe federal minimum cash wage for tipped workers is just $2.13 per hour. • Neither minimum wage is indexed for inflation, which means they lose value over time. Congress has raised the minimum wage only three times in 30 years.
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Vermont minimum wage will rise to $10.50 an hour Twenty-two states and the District of Columbia currently have minimum wages above the federal minimum. Another 19 have minimum wages equal to the $7.25 federal rate. A total of 38 states considered legislation that would have addressed the lowest-wage workers.
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Minimum Wage Information Minimum wage is the lowest hourly, daily or monthly wage that businesses may legally pay to employees or workers. The New Mexico Department of Workforce Solutions enforces the state and federal minimum wage. Certain cities enforce their own minimum wage. For more information, contact your local city government for posters and requirements. $6.50 per hour effective January 1, 2008.
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Minimum wage in the United States The Minimum Wage rate increased to $8.75 on December 31, 2014, and will increase to $9.00 on December 31, 2015. New York State also has a minimum for exempt employees of $543.75 per week as of July 24, 2009. Tipped employee minimum ranges from $4.90 to $5.65 depending on industry.
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Minimum Wage The national minimum wage was created by Congress under the Fair Labor Standards Act (FLSA) in 1938. Congress enacted this legislation under its Constitutional grant of authority to regulate interstate commerce.he current federal minimum wage is $6.55 per hour. The laws consist primarily of federal and state statutes. When 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.
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The Minimum Wage: Frequently Asked Questions The tipped minimum wage is a lower minimum wage that employers may pay workers who receive tips, as long as the total of the tipped wage and tips equals the regular minimum wage each week. The Massachusetts tipped minimum wage is $2.63 per hour.
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- Most employers must pay their workers at least the federal minimum wage. 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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How Much Is Minimum Wage In Oklahoma City? What is the California Minimum Wage? The California Minimum Wage is the lowest hourly wage that an employee working in California can legally be paid. Both California and the federal government have set a legal minimum wage - California's is $10.50 per hour, while the federal minimum wage is $7.25 per hour.
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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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- The current federal minimum wage is $7.25 per hour. A full-time minimum wage employee earns $15,080 annually. In 2012, the poverty threshold for a single person was $11,945.
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- The falling minimum wage has led to poverty and inequality. Today, at the federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year yields an annual income of only $15,080. As shown in the figure, this is below the federal poverty line for families of two or more.
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What is Minimum Wage: Its History and Effects on the Economy Congress instituted the minimum wage in 1938 as part of the Fair Labor Standards Act (FLSA). The first minimum wage stood at 25 cents an hour. The last minimum wage increase occurred in 2007, when Congress raised the rate in steps from $5.15 an hour that year to $7.25 an hour in July 2009.
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- Due to current interest in a minimum wage of $10.10, the “near. minimum wage” category used in this report (2015) is the range between $7.26 and $10.10. Therefore, one should not compare characteristics of this group to previous reports.
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Minimum Wage The current federal minimum wage is $6.55 per hour. The laws consist primarily of federal and state statutes. When 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.
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7 Things You Might Not Know About the Minimum Wage (and Why We Need to Raise It) They earn the minimum wage at a thankless job that is their only form of income. And that income is extremely low. The federal minimum wage is $7.25/hour. That means $15,080 per year for a full-time worker. Minimum wage varies depending on the state you live in, but most states have chosen to remain at the bottom of the wage scale. Simply put, the minimum wage is too low and has been that way for far too long.
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What is 'Minimum Wage' Minimum Wage. What is 'Minimum Wage'. A minimum wage is a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job. As of June 2016, the minimum hourly wage rate in the United States is $7.25.
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- A four-year increase in the minimum wage is currently being phased in. Senate Bill 934 of 2014, which was signed into law in May of 2014, increases the minimum wage from $7.40/hour to: 1  $8.15/hour on September 1, 2014.  $8.50/hour on January 1, 2016.
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- The minimum wage in the United States is set by US labor law and a network of state, and local laws. Employers generally must pay workers the highest minimum wage prescribed by federal, state, and local law. As of July 2016, the federal government mandates a nationwide minimum wage of $7.25 per hour.
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What is 'Minimum Wage' What is 'Minimum Wage'. A minimum wage is a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job. As of June 2016, the minimum hourly wage rate in the United States is $7.25. This means it is illegal for an American worker to sell their labor for less than $7.25 per hour unless the worker falls into a category specifically exempted from the Fair Labor Standards Act (FLSA). Next Up.
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- Federal Minimum. The federal minimum wage is $7.50 per hour as of 2015. Based on a 40-hour work week, this works out to an annual salary of $15,600. As of 2015 this would mean that a single filer would be paying 10 percent federal income tax on the first $9,075 and 15 percent on the remaining $6,525.