Caculation of new minimum wage for level 7 federal worker

A very specific question!

In the United States, the minimum wage for federal employees is set by the Federal Wage System (FWS), which is administered by the U.S. Office of Personnel Management (OPM). The FWS sets minimum wage rates for federal employees based on the location of the job and the employee's grade level.

As of 2022, the minimum wage for a Level 7 federal employee is $24.44 per hour. This is based on the FWS's minimum wage rates for the Washington, D.C. area, which is the highest minimum wage rate in the country.

To calculate the new minimum wage for a Level 7 federal worker, we would need to know the percentage increase in the minimum wage rate. The OPM typically announces annual adjustments to the minimum wage rates in the Federal Register.

For example, let's say the OPM announces a 3.5% increase in the minimum wage rate for federal employees. To calculate the new minimum wage for a Level 7 federal worker, we would multiply the current minimum wage rate by the percentage increase:

$24.44 (current minimum wage rate) x 0.035 (3.5% increase) = $0.85

Add the increase to the current minimum wage rate:

$24.44 + $0.85 = $25.29

So, the new minimum wage for a Level 7 federal worker would be $25.29 per hour.

Please note that this is just an example calculation, and the actual percentage increase and new minimum wage rate may vary depending on the OPM's announcement.