Federal Minimum Wage Definition, Minimum Wage In America A Timeline History

Federal minimum wage means the minimum wage standard as currently defined by the united states department of labor in the fair labor standards act 29 usc.

What is the minimum wage in virginia. In total 16 million workers earned wages at or below the current federal minimum wage of 725. How to use minimum wage in a sentence. Minimum wage definition is living wage.

In addition to a federal minimum wage some states also have their own minimum wages codified either in a state statute or in the states constitution. According to the bureau of labor statistics the percentage of hourly paid workers earning the current federal minimum wage or less went down from 21 in 2018 to 19 in 2019. The minimum wage is a legally mandated price floor on hourly wages below which non.

States are broken up into 4. The current federal minimum wage is 725 per hour. 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. 1 this definition refers to the binding nature of minimum wages regardless of the method of fixing them. Under the flsa if a states minimum wage is higher then that rate applies to.

However in 11 states particularly those in northwestern and northeastern parts of the united states the state minimum wage is higher than that of the federal government. The federal minimum wage definition. The lowest amount of money that an employee can earn an hour according to us government laws.

Minimum wage laws establish a base level of pay that employers are required to pay certain covered employees. For those permanent full time employees filling permanent full time salaried positions the minimum wage is defined as the employees. The lowest amount of money that an employee can earn an hour according to us government laws.

Thats down from 134 in 1979. Under the flsa non exempt employees must be paid the minimum wage or higher. As of 2003 the federal minimum wage has remained at 515 per hour for non exempt employees.

Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period which cannot be reduced by collective agreement or an individual contract. The federal minimum wage meaning.