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Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [5]
Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
The national minimum wage hasn’t increased since July 24, 2009 — nearly 25 years. ... The average annual minimum wage income and average total cost of living were used to find the difference ...
The concept of the national minimum wage emerged in Armenia in 1995. Since then, it has been increasing, on average, every couple of years. The longest unchanged streak of the national minimum wage was between 1999 and 2003, when it was set at 5,000 AMD, and between 2015 and 2019 where it was set at 55,000 AMD. In November 2022, the national ...
A New York Times analysis of the effective national minimum wage — an average across all federal, state and local minimum wage laws — found a rate of $11.80 an hour in 2019. According to the ...
The National Low Income Housing Coalition points out that the average minimum wage earner would have to work 97-hour weeks to afford rent in a two-bedroom apartment at fair market value.
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 244 ] [ 245 ] [ 246 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
Irving, Texas, has costs that edge out the national average by a few percentage points, but similar to other entries, is hindered by a low minimum wage that is outpaced greatly by housing costs.