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Federal Minimum Wage Last 20 Years, The Worker S Wage An Alternative To Increasing The Minimum Wage Which Helps Low Wage Workers Without Hurting The Small Businesses Which Employ Them By Molson Hart Medium

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Minimum wage california 2020 long beach. When president franklin d. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. The table of federal minimum wage rates under the fair labor standards act 1938.

Since july 24 2009 the federal minimum wage is 725 per hour. The minimum wage in the united states is set by us. 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.

New york ny on the eighth anniversary of the last increase in the federal minimum wage a new analysis shows that congressional democrats legislation to raise the federal minimum wage to 15 by 2024 would deliver an outsized share of pay increases to workers in states with the lowest minimum wages including more than 20 million workers. Labor law and a range of state and local laws. The amendments also established a training wage provision at 85 of the minimum wage but not less than 335 an hour for employees under the age of twenty a provision that expired in 1993.

425 an hour is established for employees under 20 years of age during their first 90 consecutive calendar days of employment with an employer. Adjusted for inflation that would be worth about 445 today. Eight states raise minimum wage above federal 2016.

Roosevelt signed americas first federal minimum wage into law in 1938 it was 25 cents per hour. New york and california legislators pass laws. Annual federal minimum wage rates adjusted for inflation from 1955 to 2015.

The federal minimum wage has remained unchanged at 725 an hour for 3614 days marking the longest period in history without an increase in the base pay for us workers. 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. 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.

Thanks to legislation passed two years earlier the federal minimum wage rises to 725.

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