What happens if the minimum wage is lower than the federal minimum wage?
What happens if the minimum wage is lower than the federal minimum wage?
What Happens if a State’s Minimum Wage Is Lower Than the Federal Minimum Wage? In places where the state minimum wage is lower than the federal wage, workers who come under the Fair Labor Standards Act earn the federal wage. If workers don’t come under the FLSA, they can be paid less.
What was the minimum wage in 1975?
$2.10
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 | 1961 Amendments 2 |
|---|---|---|
| May 1, 1974 | $2.00 | $2.00 |
| Jan. 1, 1975 | $2.10 | $2.10 |
| Jan 1, 1976 | $2.30 | $2.30 |
| Jan 1, 1977 |
What year was minimum wage $3 an hour?
The minimum went to $2.65 an hour in January 1978, $2.90 in January 1979, $3.10 in January 1980, and $3.35 in January 1981.
What was minimum wage in 1999?
$ 7.38
| Actual minimum wage (2016$) | Minimum wage if it had grown with average wages | |
|---|---|---|
| 1996 | $ 7.20 | $ 9.67 |
| 1997 | $ 7.64 | $ 9.83 |
| 1998 | $ 7.54 | $ 10.09 |
| 1999 | $ 7.38 | $ 10.24 |
When will the federal minimum wage increase to $15 an hour?
On July 18, 2019, the U.S. House of Representatives passed an amended version of the Raise the Wage Act of 2019, which would gradually increase the federal minimum wage to $15 an hour by 2025. The…
How many jobs would raising the minimum wage hurt the economy?
The 2019 CBO report estimates that raising the minimum wage to $15 an hour by 2025 would result in the loss of approximately 1.3 million jobs. The numbers could be substantially higher if companies made a major move toward outsourcing more jobs to less expensive labor markets outside the country.
What is the minimum wage under the FLSA?
Subsequent amendments to the FLSA have extended the law’s coverage to additional employees and raised the level of the minimum wage. In 1949, the minimum wage was raised from 40 cents an hour to 75 cents an hour for all workers and minimum wage coverage was expanded to include workers in the air transport industry.
How many people make less than $15 an hour?
According to BLS surveys, about 392,000 workers earned the minimum wage of $7.25 in 2019 and 1.2 million workers were paid a wage below the federal minimum. They represent 1.9\% of the 82.3 million American workers paid by the hour. But almost all workers make less than $15, which is the minimum in only a few places.