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Tipped Employees. The bill raises the minimum wage to $4.95 an hour for tipped employees and their employers. New Employees that are 20 years old or less. The bill raises the minimum wage to $6.00 an hour for newly hired employees who are 20 years older or less. Legislative history. As of April 18, 2024:
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 ...
By Jan. 1, 2025, that salary threshold would increase to $58,656 per year, or $1,128 per week. The rule also includes automatic increases to that salary eligibility level every three years ...
Top line is inflation-adjusted. [1] [2] The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery ...
Legislation has been enacted recently in multiple states that significantly raises the minimum wage. California, Illinois, and Massachusetts are all set to raise their minimum wages to $15.00 per hour by January 1, 2023, for California and Massachusetts and by 2025 for Illinois.
The total amount of monthly tips plus the received direct wage must equal at least $7.25 per hour, and employees are entitled to retain all of their tips. Student Minimum Wage