Federal Minimum Wage Increase Schedule, Minimum Wage Will Increase In Majority Of U S States In 2020

For small employers 14 or fewer employees the schedule of increases is as follows.

Minimum wage in san francisco 2020. Beginning july 1 2023 the minimum wage rate will be indexed to inflation based on the consumer price index cpi a figure published by the united states bureau of labor statistics. 5 the maine minimum wage is automatically replaced with the federal minimum wage rate if it is higher than the state minimum. Many states also have minimum wage laws.

Federal minimum wage. However some states cities and counties have a higher minimum wage rate. Each general schedule gs grade has 10 steps.

Within grade increases wgis or step increases are periodic increases in a gs employees rate of basic pay from one step of the grade of his or her position to the next higher step of that grade. While the federal minimum wage rate of 725 has not changed since 2009 there were many 2020 state minimum wage increases across several states. Find oregons scheduled minimum wage increases.

The federal minimum wage was last raised to 725 per hour in 2009 from the previous minimum wage rate of 655. In fact 24 states and washington dc upped their rates or will up their rates this year according to the economic policy institute and the us. The maine minimum wage equals the federal minimum wage when it is set below the federal rate with the exception that any such increase is limited to no more than 100 per hour above the current legislated state rate.

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. The minimum wage is raised by an act of congress and has no set schedule but is generally raised every 3 7 years in response to rising inflation and cost of living. Oregons minimum wage rates go up on july 1 each year through 2022.

Tipped employees may be paid 60 of the hourly minimum wage. New employees first 90 days of employment over the age of 18 may be paid up to 50 cents less per hour. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009.

Beginning january 1 2020 if a worker under 18 works more than 650 hours for the employer during any calendar year they must be paid the regular over 18 wage. The federal minimum wage for covered nonexempt employees is 725 per hour. 4 listed rate is the standard state wage of 1200 per hour.

The minimum wage for new york city will be 1500 for all businesses. When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount.