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  2. Workers earning up to $58K a year could soon become ... - AOL

    www.aol.com/news/workers-earning-58k-could-soon...

    The new salary limits. Starting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay. By Jan. 1, 2025, that salary threshold would increase ...

  3. The US minimum wage has been $7.25 since 2009. What that ...

    www.aol.com/finance/us-minimum-wage-7-25...

    And while many states have taken the initiative to increase the minimum wage into their own hands, twenty US states still only require employers to pay $7.25 an hour – or only $2.13 per hour for ...

  4. Salary inversion - Wikipedia

    en.wikipedia.org/wiki/Salary_inversion

    Salary inversion refers to situations in which the starting salaries for new recruits to an organization increase faster than those for existing employees, and consequently junior employees out-earn their senior colleagues. It typically happens in areas where the demand for suitably qualified professionals exceeds the supply of such ...

  5. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. [1] Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously ...

  6. Raise the Wage Act - Wikipedia

    en.wikipedia.org/wiki/Raise_the_Wage_Act

    In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since ...

  7. Minimum Wage in Texas: What You Need To Know in 2022 - AOL

    www.aol.com/finance/minimum-wage-texas-know-2022...

    The minimum wage in Texas, which applies to covered, nonexempt minimum wage workers, is only $7.25 per hour. Yet according to a living wage calculator developed by researchers at the Massachusetts ...

  8. VA Minimum Wage To Increase To $12 An Hour Starting Jan. 1

    patch.com/virginia/across-va/va-minimum-wage...

    The current rate of pay for minimum wage workers across Virginia is $11 per hour and the new minimum wage will increase to $12 on Sunday. Virginia is one of 23 states across the nation that is ...

  9. Minimum wage in the United States - Wikipedia

    en.wikipedia.org/wiki/Minimum_wage_in_the_United...

    A 2018 University of Washington study which investigated the effects of Seattle's minimum wage increases (from $9.50 to $11 in 2015 and then to $13 in 2016) found that while the second wage increase caused hourly wages to grow by 3%, it also caused employers to cut employee hours by 6%, yielding an average decrease of $74 earned per month per ...

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