Federal Minimum Wage July 2020, Vietnam To Increase Minimum Wage From January 2020

However some states cities and counties have a higher minimum wage rate.

What is the minimum wage uk over 25. The table below lists the current prevailing 2020 minimum wage rates for every state in the united states. 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 maine minimum wage equals the federal minimum wage when it is set below the federal rate with the exception that any such increase is.

However the state minimum wage is 1000 per hour for employers with annual gross revenue of 500000 or more. 1325 per hour beginning july 1 2020. Tipped employees may be paid 60 of the hourly minimum wage.

Since july 24 2009 the federal minimum wage is 725 per hour. Basic minimum rate per hour. The federal minimum wage for covered nonexempt employees is 725 per hour.

Many states also have minimum wage laws. Federal minimum wage is set at 725 but many states counties and cities have their own mandates. Certain employees must be paid overtime at time and one half of the regular rate after 40 hours of work in a workweek.

Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. Since the last federal minimum wage hike to 725 an hour starting july 24 2009 the cost of living has increased 20 while the price of essentials such as housing and health care have. West virginias minimum wage was set to increase to 950 per hour on january 1 2020 however the legislation never passed so the wage remains at 875 per hour.

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. In states that do not set a minimum wage rate or have an antiquated minimum wage rate that is less than the rate set by the federal government the federal minimum wage rate will take precedence and apply to all employees within that state. Seven states automatically increased their minimum wage based on the cost of living and 14 states passed laws to increase the minimum wage.

So what is the federal minimum wage. The citys minimum wage for employers with five or fewer employees is 925 per hour effective july 1 2020. The minimum wage in the united states is set by us.

1500 per hour then adjusted annually on july 1. State minimum wage changes effective july 1 2020. When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount.

In 2020 minimum wage workers in 21 states received a pay increase. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009.