Federal Minimum Wage Graph, Solved Alfred 1 00 Unemployment And Inflation Discoveri Chegg Com

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Value of the minimum wage value of the minimum wage value of the minimum wage. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. The minimum wage in the united states is set by us.
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The bill introduced by house democrats in january aims to gradually raise the federal minimum wage to 15 by 2025 more than doubling it from the current rate of 725.

Michigan marijuana legalization. The federal minimum wage was last changed in 2008 when it was raised 070 from 655 to 725. Federal minimum wage. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum.

Adjusted for inflation that would be worth about 445 today. Since july 24 2009 the federal minimum wage is 725 per hour. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law.

Graph and download economic data for state minimum wage rate for colorado sttminwgco from 1968 to 2020 about minimum wage co wages rate and usa. When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount. The federal minimum wage is applicable nationwide and overrides any state laws that provide a lower minimum wage rate to ensure that the local minimum wage in.

The federal minimum wage of 725 per hour is the minimum hourly pay any non exempt worker in the united states can be paid for his work. When president franklin d. Minimum wage rates will increase as a result of cpi federal wage increase or cost of living accommodation.

This page provides united states minimum wages actual values historical data forecast chart statistics. Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. 2021 minimum wage rates.

The chart below lists the most up to date minimum wage rate per state. Year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1. In order to view andor print pdf documents you must have a pdf viewer eg adobe acrobat reader v5 or later available on your workstation.

Employers are required to post the minimum wage as determined by the state and federal laws at all times for their employees. Annual federal minimum wage rates 1955 2015. Roosevelt signed americas first federal minimum wage into law in 1938 it was 25 cents per hour.

The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. Minimum wages in the united states averaged 313 usdhour from 1938 until 2020 reaching an all time high of 725 usdhour in 2009 and a record low of 025 usdhour in 1938. Labor law and a range of state and local laws.

However some states cities and counties have a higher minimum wage rate. Data in current dollars and constant 1996 dollars.

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The bill introduced by house democrats in january aims to gradually raise the federal minimum wage to 15 by 2025 more than doubling it from the current rate of 725.

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