What Is The Federal Minimum Wage For 2024. Under the default option, the first incremental increase in the minimum wage occurs in july 2024. The table below lists the current prevailing 2024 minimum wage rates for every state in the united states.
58 rows federal and state minimum wage rates, annual. The only region set to increase its minimum wage higher than the federal rate this year is yukon.
The Federal Minimum Wage For 2024 Is $7.25 Per Hour.
Effective as of april 1, 2024, the minimum wage rate will be adjusted with inflation plus an additional 1% annually to $15.20.
A Close Second Is California, Which Is Raising Its Minimum To $16 From.
But minimum wage workers in 22.
Hr 582 Proposes To Increase The Federal Minimum Wage In Six Steps, From Its Current $7.25 Level To $15 By 2024.
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Effective As Of April 1, 2024, The Minimum Wage Rate Will Be Adjusted With Inflation Plus An Additional 1% Annually To $15.20.
The federal minimum wage was.
This Stagnation Has Been A Subject Of Considerable Debate.
1, and three more states,.
Five Years Later, In July 2029, The Minimum Wage Reaches Its Target.