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1. • • Under the default policy based on the Raise the Wage Act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027, $15.50 in 2028, and $17.00 in 2029; it is indexed to the median hourly wage thereafter.
     www.cbo.gov › publication › 55681

     How Increasing the Federal Minimum Wage Could Affect ...

2. People also ask

   What is the current minimum wage rate?

   • The current level, at $7.25 an hour, was set in 2009. Cities and states have the option of setting their own minimum wages. As of January 2019, 29 states had a minimum wage rate above the federal level. The US minimum wage, which started at 25 cents in 1938, has been raised by Congress 22 times.

   US minimum wage by year - CNN

   www.cnn.com/interactive/2019/business/us-minimum-wage-by-year/index.html

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   What is the federal minimum wage?

   • The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.

   Minimum wage in the United States - Wikipedia

   en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

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   What is the minimum wage for new workers?

   • The minimum for workers newly subject to the Act was set at $1.00 an hour effective September 1961, $1.15 an hour in September 1964, and $1.25 an hour in September 1965.

   History of Changes to the Minimum Wage Law

   www.dol.gov/agencies/whd/minimum-wage/history

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   How many states have a minimum wage?

   • Cities and states have the option of setting their own minimum wages. As of January 2019, 29 states had a minimum wage rate above the federal level. The US minimum wage, which started at 25 cents in 1938, has been raised by Congress 22 times. Scroll over CNN’s interactive chart to see the minimum wage by year, through history.

   US minimum wage by year - CNN

   www.cnn.com/interactive/2019/business/us-minimum-wage-by-year/index.html

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3. www.dol.gov › agencies › whdHistory of Federal Minimum Wage Rates Under the Fair Labor ...

   www.dol.gov › agencies › whd

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   See the history of federal minimum wage rates from 1938 to 2009 in a table and a PDF version. Learn about the changes, amendments, and exemptions to the law that affect workers and employers.

4. www.infoplease.com › business › laborAnnual Federal Minimum Wage Rates, 1955-2021 - Infoplease

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   Nov 18, 2021 · Find out how the federal minimum wage has changed over time, from 1955 to 2021, in current and constant dollars. Compare the minimum wage rates with inflation and state laws.

5. fred.stlouisfed.org › series › STTMINWGFGFederal Minimum Wage Rate under the Federal Fair Labor ... - FRED

   fred.stlouisfed.org › series › STTMINWGFG

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   Mar 29, 2024 · Release: Minimum Wage Rate by State. Units: Dollars per Hour, Not Seasonally Adjusted. Frequency: Annual. For the years 1968-1971 and 1976-1978, the displayed wage represents the largest minimum wage paid.

6. www.cnn.com › us-minimum-wage-by-year › indexUS minimum wage by year - CNN

   www.cnn.com › us-minimum-wage-by-year › index

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   Apr 9, 2019 · The current level, at $7.25 an hour, was set in 2009. Cities and states have the option of setting their own minimum wages. As of January 2019, 29 states had a minimum wage rate above the...

7. en.wikipedia.org › wiki › Minimum_wage_in_the_UnitedMinimum wage in the United States - Wikipedia

   en.wikipedia.org › wiki › Minimum_wage_in_the_United

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   The effective nationwide minimum wage (the wage that the average minimum-wage worker earns) was $11.80 in May 2019; this was the highest it had been since at least 1994, the earliest year for which effective-minimum-wage data are available. [12]

   State	Min. Wage ($/h) [1] [202]	Tipped ($/h) [203] [c]
   Alaska	$11.73	$11.73
   Arizona	$14.35	$11.35
   Arkansas	$11.00	$2.63
   California	$16.00 [213] [214]	$16.00

   See full list on en.wikipedia.org

8. www.history.com › news › minimum-wage-america-timelineMinimum Wage in America: A Timeline | HISTORY

   www.history.com › news › minimum-wage-america-timeline

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   Oct 18, 2019 · Learn how the federal minimum wage has evolved since 1938, from its origins in Europe and New Zealand to its current level of $7.25 per hour. Explore the political, economic and social factors that shaped the minimum wage legislation and its impact on workers and employers.