Conpss earning under the new minimum wage
I think you meant to ask "What are the new minimum wage earnings?"
As of January 2022, the federal minimum wage in the United States is $7.25 per hour. However, some states and cities have implemented higher minimum wages. Here are some examples:
Federal Minimum Wage:
- $7.25 per hour (federal minimum wage)
State Minimum Wages:
- California: $14.00 per hour (effective January 1, 2022)
- New York: $12.50 per hour (effective December 31, 2021)
- Massachusetts: $14.25 per hour (effective January 1, 2022)
- Washington: $13.69 per hour (effective January 1, 2022)
- Florida: $8.65 per hour (effective January 1, 2022)
City Minimum Wages:
- Seattle, Washington: $16.39 per hour (effective January 1, 2022)
- San Francisco, California: $16.32 per hour (effective January 1, 2022)
- New York City, New York: $15.00 per hour (effective December 31, 2021)
- Los Angeles, California: $15.00 per hour (effective July 1, 2022)
Keep in mind that these rates are subject to change, and some cities or states may have different minimum wage rates for tipped employees, youth, or students.
To calculate the new minimum wage earnings, you can multiply the hourly wage by the number of hours worked per week. For example:
- If you work 40 hours per week at the federal minimum wage of $7.25 per hour, your weekly earnings would be:
- $7.25 per hour x 40 hours per week = $290 per week
- If you work 40 hours per week at the California state minimum wage of $14.00 per hour, your weekly earnings would be:
- $14.00 per hour x 40 hours per week = $560 per week
Remember to check the specific minimum wage rates for your location and industry to ensure accuracy.