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.
Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.
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.
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...
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington.
We also examined the segment of the states where the minimum wage currently exceeds $12 and/or is slated to rise to at least $15 per state legislation (12 states, plus Washington, DC). The findings held true to an even greater degree. On average, states wi...
A minimum wage is not necessarily a living wage, which is the level ofincomethat allows workers to meet their essential needs. As of January 2025, Washington has the highest state-level minimum wage: it's $16.66 per hour. Washington, D.C.'s minimum wage is $17.50 an hour.2 ...
You’ve probably heard mentions of fiscal policy. It’s often a hot topic in Washington, but the term is a broad one that can mean a number of different things. In general, it refers to the federal government’s policies on spending and taxes and their influence on the economy. Often,...
Following that and another accident, the state of California suspended Cruise’s operations there indefinitely, and the National Highway Traffic Safety Administration launched an investigation of the company. Since then, Cruise has pulled all its vehicles from the road and laid off 24% of its workf...
What’s the minimum wage in the United States? The federal minimum wage is $7.25 an hour. However, the minimum wage in the US is set at both a state and federal level. Where there's a conflict, the stricter standard - that is the one that’s better for the employee - applies. Tha...