Federal Minimum Wage Rates By Year, Us Minimum Wage By Year Cnn Com Cnn Com

Data in current dollars and constant 1996 dollars.

California minimum wage july 2021. 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. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. The wage rates are set for particular industries not.

The minimum wage in the united states is set by us. With the minimum wage was higher relative to living costs luce says. The federal minimum wage for covered nonexempt employees is 725 per hour.

Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount. Since july 24 2009 the federal minimum wage is 725 per hour.

Federal minimum wage. Many states also have minimum wage laws. The minimum wage the lowest hourly amount that an employee may be paid for their labor is determined by both state and federal labor laws in the united statesunder the federal fair labor standards act states and localities are permitted to set their own minimum wage rates which will take precedence over the federal minimum wage rate if they are higher.

The federal minimum wage peaks in purchasing power at 160 per hour the equivalent of 1153 in 2019 dollars. Year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1. The fair minimum wage act of 2007 public law 110 28 sets minimum wage rates within american samoa and provides for additional increases in the minimum wage of 050 per hour each year on may 25 until reaching the minimum wage generally applicable in the united states.

However some states cities and counties have a higher minimum wage rate. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. Value of the minimum wage value of the minimum wage value of the minimum wage.

Roosevelt signed americas first federal minimum wage into law in 1938 it was 25 cents per hour. Adjusted for inflation that would be worth about 445 today. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum.

Aged under 19 aged 19 or over and in the first year of their apprenticeship example an apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of 415. When president franklin d.