The minimum wage is a legally mandated base pay for nonexempt hourly workers. The federal minimum wage in the United States as of 2025 is $7.25 per hour. States and local municipalities can set their own minimum wage rates, but they must be above the federal rate. ...
At least in the construction industry, it appears most workers already earn more than the newly proposed hourly minimum wage. If you have any questions about this or other construction issues you may be experiencing, please contactBaker Donelson's construction practice group. ...
Another example is New York. Employers in most of the state must pay an hourly minimum wage of $15.50 per hour. However, the minimum wage in Long Island, Westchester, and NYC is $16.50 per hour. Like state minimum wage rates, local rates are subject to change. Check with your local go...
the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 3.15 percent, effective September 22, 2022. The Board of Governors of the Federal Reserve System voted unanimously to approve a 3/4 percentage point increase...
Other forms of aid may include a student loan, which will need to be paid back, or the federal work-study program, which requires students to work for an hourly wage. Anderson encourages all students to apply for financial aid and ask for help along the way, because he has ...
federal government to increase the minimum wage to $7.25 from $5.15 per hour. Accordingly, the increase will lessen the number of sates with an hourly minimum wage higher than the federal level. The increase will benefit a total of 12.5 million workers by the time it will be fully ...
The Proposed Rule would increase the hourly minimum wage paid by federal contractors to non-exempt workers performing work “on or in connection with” a covered federal contract. The minimum wage, currently $10.95 per hour, would jump to $15.00 per hour beginning January 30, 2022. The minimum...
both rates were higher than those for Asians and for Whites. The 12-month changes in the employment cost index (ECI) and average hourly earnings for all employees both declined in March relative to a year earlier, but the 3‑month change in the ECI stepped up noticeably fro...
Raise the Federal Minimum Wage Now -- But to $12 hourly, a Sensible Level!Eugene Elander
Federal Minimum Wage Rises to $3.80 Hourly, Affecting MillionsFrank Swoboda