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In January 2020, almost 90% of Americans earning just minimum wage got more than $7.25 an hour. [11] 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]
The Fair Labor Standards Act of 1938 29 U.S.C. § 203 [1] ( FLSA) is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. [2] [3] It also prohibits employment of minors in "oppressive child labor". [4]
United States labor law sets the rights and duties for employees, labor unions, and employers in the US. Labor law's basic aim is to remedy the "inequality of bargaining power" between employees and employers, especially employers "organized in the corporate or other forms of ownership association". [1] Over the 20th century, federal law ...
Minimum wage law. Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation. [1]
New York City’s minimum wage will increase to $16 an hour starting Jan. 1. as part of a budget deal signed by Gov. Kathy Hochul. And the increase won't stop in 2024 — the minimum wage will ...
The higher minimum wage applies to employers with annual gross revenues of a specified minimum amount ($385,000 in 2024, [24] $372,000 in 2023, [17] $342,000 in 2022, [17] $323,000 in 2021, [25] $319,000 in 2020, [26] and $314,000 in 2019 [23] ).