The US minimum wage, which started at 25 cents in 1938, has been raised by Congress 22 times. Scroll over CNN’s interactive chart to see the minimum wage by year, through history. In 2020, a number of states’ minimum wage rates will increase. The following chart lists the states’ (and certain major localities’) minimum wage increases for 2020—and future years if available—along with the related changes in the maximum tip credit and minimum cash wage for tipped employees. Using the 50/30/20 budget rule, which allocates 50 percent of income for necessities, the study doubled the total annual expenditure on necessities in order to determine the “living wage” in each state. “Living wage” is defined as the income required to be able to cover 50 percent necessities, 30 percent discretionary/luxury spending Minimum Wages in the United States averaged 3.13 USD/Hour from 1938 until 2020, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. This page provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. The minimum wage rate is the lowest hourly pay that can be awarded to workers, also known as a pay floor. The Fair Labor Standards Act (FLSA) determines the minimum wage for employees in private and public sectors, in both Federal and State governments. Under the FLSA, non-exempt employees must be paid the minimum wage or higher.
For large employers, with an annual sales volume of $500,000 or more, the minimum wage is currently $9.50; for small employers, those with an annual sales volume of less than $500,000, the minimum wage is $7.75. See the Minimum Wage in All 50 States. California Governor Jerry Brown and state legislators agreed this week to gradually raise the state’s minimum wage to $15 an hour by 2022.
Historical trend[edit]. History of the federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted to 2020 6 Jan 2020 This chart shows state minimum wage rates in effect as of Jan. until reaching the minimum wage generally applicable in the United States. 6 days ago To ensure your organization is aware of the latest minimum wage requirements, Paycor has created a breakdown by state. United States Department of Labor Table of minimum wage by state · Historical Table. Use the legend on the left to highlight different minimum wage categories, and click on any state to learn about applicable minimum wage laws. Updated
See the Minimum Wage in All 50 States. California Governor Jerry Brown and state legislators agreed this week to gradually raise the state’s minimum wage to $15 an hour by 2022. Many states and municipalities have minimum wage requirements. This chart sets forth the state minimum wage rates for all 50 states plus the District of Columbia. It also covers selected local minimum wage ordinances that apply to most or all employees who work within a particular jurisdiction. The minimum wage for New York City will be $15.00 for all businesses. The minimum wage for Long Island and Westchester Counties will be $13.00. 4 Listed rate is the standard minimum wage. Portland Metro region minimum wage is $12.50 per hour and Nonurban Counties have a minimum wage of $11.00 per hour. * Based on information gathered from the Department of Labor. The US minimum wage, which started at 25 cents in 1938, has been raised by Congress 22 times. Scroll over CNN’s interactive chart to see the minimum wage by year, through history. That challenge is becoming even more daunting with the recent rise in local and state mandates for regulations like paid sick leave, state tax changes, pay equity laws and minimum wage increases. In 2020, a total of twenty-four states across the country will increase their minimum wage requirements for workers.
State of Working America homepage. Chart Detail. Value of the minimum wage , 1960–2011. Minimum wage. Current dollars, 2011 dollars. 1960, $1.00, $6.65. 30 Aug 2019 The states with the worst labor practices, however, are mostly in the South. For example, the report compares a state's minimum wage to what it would place this year because the minimum wage increased by only 50 cents. Why Covid- 19 is worse than the flu, in one chart It's more contagious, more 13 Jan 2014 State Minimum Wage Rates, 1983-2014. United States specified in the comments (red arrows), effective date is January 1 of the given year. 7 Aug 2018 Adjusted for inflation, today's average hourly wage has about as much of the recent activism in states and cities around raising minimum wages, and as a key factor behind widening income inequality in the United States. 28 May 2019 Over a Series of Several Years, Minimum Wage Will Gradually Rise to passionately led the approval of the bill through the state legislature.