Overall, an employee should receive at least $502.50 a week or $26,124.80 a year. Following the increases, the District of Columbia remains the region with the highest minimum wage in the United States at $17 per hour, followed by the state of Washington at $15.74 per hour. In third place is the state of California, with a minimum wage of $15.50 for companies with more than 26 employees. Thirty states, plus the District of Columbia, have adopted wages above the federal benchmark. Some of these entities have tied their increases to the cost of living to keep up with inflation, while others have enacted legislation that includes automatic increases each year.
See Bloomberg Law in action
Aside from the District of Columbia, following the recent increase, Connecticut is now the fourth highest minimum wage state. The average state minimum wage in 2024 is $10.69, up from $10.47 in 2023 and $9.85 in 2022. Former President Donald Trump and Vice President Kamala Harris rarely agree on anything, they’ve both come out in support of eliminating taxes on tips for service and hospitality workers. It’s just one proposal in a broader plan both Bookkeeping for Veterinarians candidates have to support or change American earnings.
Arizona – $12.80
Has a minimum wage of $16.10, Guam’s minimum wage is $9.25, the Virgin Islands’ is $10.50 an hour and the Northern Mariana Islands has a $7.25 minimum wage. Five states — Alabama, Louisiana, Mississippi, South Carolina and Tennessee — have no minimum wage required and default to the federal minimum wage. Fifteen states have a minimum wage equal to the federal minimum of $7.25 an hour, the DOL reports. The “Grand Bargain” passed in 2018 raised wages on an annual schedule, phasing out time-and-a-half while prohibiting employers from requiring work on Sundays and holidays against employee wishes. In addition, some counties and cities within states may implement a higher minimum wage than the rest of their state.
Consolidated Minimum Wage Table
- About 81% of the workforce are employed by private companies, whereas 19% by the government.
- In 2022, Illinois has an hourly minimum wage of $12.00 and $7.20 for tipped employees.
- The Puerto Rico Minimum Wage Act, passed by the territorial legislature in 202169 started raising the local minimum wage above the federal minimum.
- However, the minimum wage does not apply to some types of employees including minors, student workers, and apprentices, to name a few.
- 1 Like the federal wage and hour law, State law often exempts particular occupations or industries from the minimum labor standard generally applied to covered employment.
- Georgia employers who are subject to the Fair Labor Standards Act must pay employees the federal minimum wage.
- USA TODAY found that living the “American Dream” costs 36% more after historically high inflation.
To operate within the law, they simply must comply with the highest minimum wage usa federal, state, and city government minimum wages. All New York workers are entitled to receive at least an hourly Minimum Wage rate. This includes fast food workers, nail salon workers, tipped workers, and more. We also offer free educational seminars to employers doing business in New York State.
Since the cost of living may be higher in certain locations and areas, some cities find it beneficial to set a minimum wage for local employers that’s higher than the federal or state wage. These cities increase wages in an effort to ensure minimum wage employees can afford basic necessities, including cars, homes, and food. ledger account State governments have the authority to set their minimum wage higher than the federal rate.
- They may make these changes as they see fit based on inflation, local expenses, and the cost of living in the state.
- Some of the largest well-known companies in the state are Cognizant, Panasonic, Johnson & Johnson, and Toys R Us.
- The economy of the state is multifaceted but is dominated by industries in trade, government, education, and healthcare.
- A few of the state’s largest employers include the State of Rhode Island, Lifespan Hospital Group, and Citizens Financial Group.
- Aside from the District of Columbia, following the recent increase, Connecticut is now the fourth highest minimum wage state.
