Fg new minimum wage

The minimum wage!

As of 2023, 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 a few examples:

State-by-State Minimum Wages:

  1. California: $15.00 per hour (effective January 1, 2022)
  2. New York: $14.20 per hour (effective December 31, 2022)
  3. Massachusetts: $15.00 per hour (effective January 1, 2023)
  4. Washington: $13.69 per hour (effective January 1, 2023)
  5. Illinois: $12.00 per hour (effective January 1, 2023)

City-by-City Minimum Wages:

  1. Seattle, Washington: $16.39 per hour (effective January 1, 2023)
  2. San Francisco, California: $16.32 per hour (effective January 1, 2023)
  3. Los Angeles, California: $15.00 per hour (effective July 1, 2022)
  4. New York City, New York: $15.00 per hour (effective December 31, 2022)
  5. Chicago, Illinois: $15.00 per hour (effective July 1, 2022)

Proposed Changes:

There are ongoing efforts to increase the federal minimum wage. For example, the Raise the Wage Act, introduced in 2021, aims to raise the federal minimum wage to $15.00 per hour by 2025. Additionally, some states and cities are considering or have already implemented automatic cost-of-living adjustments (COLAs) to their minimum wages.

Keep in mind that these rates are subject to change, and it's always a good idea to check with your employer or local government for the most up-to-date information on minimum wage requirements.