Curated Collections of the Most Useful Facts.

What's This?
Minimum Wage in the US

Minimum Wage in the US

As of January 1, 2012, the federal minimum wage in the United States is $7.25 per hour. Some types of labor are also exempt, and tipped labor must be paid a minimum of $2.13 per hour, as long as the hourly wage plus tipped income result in a minimum of $7.25 per hour.

 

Curated by

Jennifer Smeriglio

Jennifer Smeriglio

24 Knowledge Cards

Views    217

Share     twitter share  

Curated Facts

In May, Congress enacted a minimum wage increase to $7.25 an hour phased in over two years, as part of the Iraq supplemental spending bill. The spending bill also includes a $4.84 billion tax relief package for small businesses designed to offset the impact of the wage increase.

Article: Minimum Wage
Source: U.S. Chamber of Commerce

When Santa Fe's minimum wage rises to $10.29 an hour on March 1, the New Mexico capital will have the highest local wage requirement in the country, according to the National Employment Law Project.

Article: My Projects
Source: Citelighter

In remarks on the campaign trail, Romney said that he favors allowing "the minimum wage to rise with the CPI (Consumer Price Index) or with another index so that it adjusts automatically over time." He is in rare agreement with President Obama, who supports a $9.50 minimum wage and tying it to the federal cost-of-living index.

Article: A new day for the minimum...
Source: Fortune Management

A $9.50 hourly minimum would generate about $60 billion for such low-wage earners over a two-year period, according to research by the Economic Policy Institute, a liberal economic research organization.

Article: A new day for the minimum...
Source: Fortune Management

State legislators in New York, New Jersey, Connecticut, Illinois and elsewhere are pushing to raise the minimum wage above the federal level in their own states, arguing that $7.25 an hour is too meager for anyone to live on.

Article: A Campaign to Raise the M...
Source: The New York Times

In 2010, 1.8 million hourly workers earned exactly the prevailing federal minimum wage of $7.25 an hour, according to federal data. About 2.5 million had wages below the minimum, in part because of exemptions under the law for certain categories of workers like many students.

Article: A Campaign to Raise the M...
Source: The New York Times

Take that $2.13 figure, the federal minimum wage for tipped workers. Legally, tips should cover the difference between that and the federal minimum wage, now a whopping $7.25.

Article: The 20 Million
Source: The 20 Million - NYTimes....

If they don’t, employers are obligated to make up the difference. But that doesn’t always happen, leaving millions of servers — 70 percent of whom are women — taking home far less than the minimum wage.

Article: The 20 Million
Source: The 20 Million - NYTimes....

A full-time worker earning the minimum wage makes just $15,080 per year, below the poverty line for a family of three.

Article: Women Are the Biggest Los...
Source: Women Are the Biggest Los...

If the federal minimum wage had kept pace with the rising cost of living over the past 40 years, it would be $10.52 per hour today.

Article: Women Are the Biggest Los...
Source: Women Are the Biggest Los...

The typical woman earns 77 cents for every dollar the typical man does, and the fact that women are more likely to be minimum-wage earners than men contributes to that disparity.

Article: Women Are the Biggest Los...
Source: Women Are the Biggest Los...

The bill is called "Catching Up to 1968 Act of 2012" because supporters say, even if the minimum wage is raised to $10 per hour, it would still be less than the minimum wage of 1968 adjusted for inflation.

Article: New push to raise federal...
Source: New push to raise federal...
Jennifer Smeriglio

Jennifer Smeriglio

24 Knowledge Cards 

Lawmakers in Washington are looking to raise the minimum wage by $2.75 so it will be at $10 an hour.

Reply

Many states have their own minimum wage laws. Michigan's minimum wage is currently set at $7.40 per hour.

Article: New push to raise federal...
Source: New push to raise federal...
Player
feedback