What Is The Minimum Monthly Wage In Us, How Much Money A Family Of 4 Needs To Get By In Every Us State

Divide this by 12 to obtain monthly wages since not all months have the same number of days.

How much is minimum wage for over 25s. Paid less than minimum wage by gender 1979 2018 american small business owners opinion on effects of a higher minimum wage 2013 wages in the us. The federal nationwide minimum wage in the united states is us725 per hour. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009.

This calculation results in 125667 in monthly gross wages. United kingdoms yearly minimum wage is 2259700 in international currency. 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.

Some territories are exempt and have lower rates. States may also set a minimum in which case the higher of the two is controlling. 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.

Labor law and a range of state and local laws. The employer is entitled to the lower of the two minimum wages in situations where an employee is subject to. International currency is a measure of currency based on the value of the united states dollar in 2009.

Wage and salary workers in the us. Federal minimum wage. Suppose a worker earning minimum wage clocks 40 hours per week.

Most states also have regulations on minimum wage. Since july 24 2009 the federal minimum wage is 725 per hour. The average american monthly salary.

As of july 1 2019 effective state minimum wage rates range from 725 to 1400 per hour. 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 first minimum wage in the united states was 025hour in 1938 which should be about 436hour in 2018 adjusted for inflation.

Using the federal minimum wage rate of 725 per hour this amounts to total gross wages of 15080 in one calendar year. Many states also have minimum wage laws. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum.

However some states cities and counties have a higher minimum wage rate. The minimum wage in the united states is set by us. By 1956 it was 1hour.

According to the bureau of labor statistics the 1282 milliion workers in the united states as of may 2011 hold jobs ranging from fast food workers requiring no education and earning barely above minimum wage to ceos with mbas who earned more than nine times that amount.