Tuesday, April 27, 2021

United States Federal Minimum Hourly Wage

Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2020 from 7.25 USD/Hour in 2019. Minimum Wages in the United States averaged 3.13 USD/Hour from 1938 until 2020, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. In the United States, the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law (the FLSA). The FLSA applies to: employees of federal, state or local government agencies, hospitals and schools, and generally to domestic workers; employees of enterprises that have annual gross volume of sales of at least $500,000; employees of smaller firms if they are engaged in interstate commerce or in the production of goods for commerce. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate. . This page provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

source https://tradingeconomics.com/united-states/minimum-wages