Today, the federal minimum wage stands at $7.25, a rate that has remained the same for 15 years. This graphic shows the states with the highest minimum wage in America, based on data from Bloomberg Law. The Highest Minimum Wages, by State Here are the states with the highest minimum ...
Some states plan yearly increases, while others maintain the federal minimum wage of $7.25, unchanged since 2009. However, in 2025, over 20 states have implemented further increases. To assist businesses in staying updated with these changes, we’ve compiled a detailed minimum wage rate by state...
In particular, I examine whether states with minimum wages higher than the federal minimum wage fared better or worse during the recession that began December 2007. Since minimum wages raise the price of labor above market price, firms...
Editor’s note: This story has been updated to correct the state with the highest minimum wage in 2023. (NEXSTAR) – Amid inflation, and no changes on the federal level, multiple states will be raising their minimum wages in 2023. The federal minimum wage in the U.S. is $7.25, a ...
Editor’s note: This story has been updated to correct the state with the highest minimum wage in 2023. (NEXSTAR) – Amid inflation, and no changes on the federal level, multiple states will be raising their minimum wages in 2023.
This study analyzes the effect of minimum wage legislation during a period of economic recession. In particular, I examine whether states with minimum wages higher than the federal minimum wage fared better or worse during the recession that began December 2007. Since minimum wages raise the price...
President Joe Biden has called for the federal minimum wage to be raised to $15; it is currently at $7.25 and hasn’t changed since 2009. Twenty states carry the federal minimum wage, with varying standard pay much lower than that for tipped workers. Twenty-five states are raising...
Salaries vary hugely in the United States, with minimum wages for most workers set on a federal and state level. That means that the minimum wage in a state can be higher than the amount agreed at a federal level, but in effect, it can not be below this threshold. Knowing the minimum...
States raising the minimum wage in 2024 Here are the states that are boosting their minimum wages in 2024, along with the new baseline pay that will take effect next year. Most of the states will increase their baseline wage beginning in January, with increases in Florida, Nevada and Oregon...
In the United States, a decrease in the real minimum of 1% increases the probability that a young man employed at the minimum wage came from nonemployment by 2.2%. These effects get worse with age in the United States, and are mitigated by eligibility for special employment promotion ...