Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.
A minimum wage is a legally mandated pay floor for non-exempt, hourly employees, and several different types exist — federal, state, and local. The highest applicable minimum wage in any given area takes precedence.
Each state sets its own minimum wage, which may be higher than the federal minimum wage. On Jan. 1, the minimum wage increased in 20 states.
The minimum wage is high on the political agenda both in Britain and the US. Despite much research, one aspect of minimum wage definition has received little attention-non-wage benefits. In this article, Mary Campbell argues that non-wage benefits like employers' pension contributions and profit...
CHICAGO (CBS)-- As of 2023, the minimum wage for Illinois is $13 per hour for workers 18 and up, and $10.50 per hour for workers under age 18. Tipped workers get 60% of the state's minimum wage or $7.80 per hour for workers age 18 and up, and $6.30 an hour for workers under...
In the People’s Republic of China, the country’s federal law for a minimum wage has recently been elevated to 2100 Renminbi ($302.30 USD); however, it is incumbent upon local governments to rate their own baseline compensation, so long as it conforms with the federal governing principles....
Tipped employees receive a cash wage of at least $2.13 combined with tips to reach the federal minimum wage of $7.25 per hour.
The minimum wage was enacted in the United States in 1938 as part of theFair Labor Standards Act(FLSA). The first minimum wage was 25 cents an hour. The current U.S. minimum wage is $7.25 per hour. However, some states and cities have set minimum wage rates that are higher than the...
minimum wages can affect a company’s profitability if the job performed has less marginal value than the hourly rate paid. In the U.S., National Minimum Wage is called Federal Minimum Wage. This rate is approved by Congress and the current rate is $7.25. This rate is mandatory for any ...
If someone believes they are not being paid correctly, they can contact the Division of Labor Standards at 573-751-3403, or email their concern to minimumwage@labor.mo.gov. To start an investigation, the employee will need to complete theMinimum Wage Complaint Form. Once the complaint is fil...