percent of the federal minimum wage standard, with some states providing no compensation at all. According to a report by the Prison Policy Initiative released on March 14, 2023, prisoners’ work in U.S. prisons is mandatory, and incarcerated “workers” have almost no rights or protections. ...
As of January 1, 2023, the minimum wage for federal contractors is $16.20 per hour, and for tipped federal contractors, the minimum wage is $13.75 per hour.2 State Minimum Wage Rates Some states pay a higher minimum wage than the federal minimum. For example, Florida's minimum wage is $...
Minimum Wage in Canada On April 1, 2023, the federal minimum wage increased from $15.55 to $16.65 per hour, aligning with the rate of inflation. Canada’s minimum wage predominantly aligns with rates set by individual provinces and territories. It’s important to note that the newly establishe...
Back in the 1930s, the minimum wage was established to help protect the post-Depression economy. Now, we keep the minimum wage to protect workers from low pay, which affects their health and well-being. What is the federal minimum wage in 2023?
The federal minimum wage is still set at $7.25 an hour. That ain't much. You can barely even get a breakfast sandwich for that price anymore, let alone live on a comfortable wage. IcemanJ The reason for the increase is the outrage cost of living in places like Seattle can set the pr...
As of 2023, the District of Columbia had the highest minimum wage in the country, at 17 U.S. dollars per hour. 13 states remain situated at the prevailing federal minimum. Georgia and Wyoming had the lowest minimum wages that year, with both state minimum wages at 5.15 U.S. dollars ...
The minimum wage has not kept pace with inflation when you look at nominal wages (not adjusted for inflation) versus their spending power in 2023 numbers (adjusted for inflation). Because the federal minimum wage has not changed since 2009, its real purchasing power has decreased dramatically. ...
The remaining states either match the federal level of $7.25, have no minimum wage, or set their level below the federal rate. In states with no minimum wage or a lower rate, the federal minimum wage applies.1112 Somecities and countieshave also established minimum wages. In 2023, Chicago'...
The federal minimum wage has been stuck at $7.25 for more than a decade, but there have been efforts to raise it to $15 per hour. The current federal minimum wage is insufficient to support oneself or a family, particularly in the more expensive cities in the U.S. ...
According to the Economic Policy Institute, 30 states and the District of Columbia now have a minimum wage higher than the federal minimum wage, and 45 localities have adopted minimum wages above their state minimum wage. Footnotes 1 In their essays, Michael Strain and Michael Reich base their...