Minimum Wage

Basics

• As of Now this page aims to go over the topic of Minimum Wages in the USA

Federal

• $7.25 per hour

By State

Florida

• Basic Minimum Rate (per hour): $11.00

The minimum wage is adjusted annually based on a set formula. The Florida minimum wage is scheduled to increase to $12.00 on September 30, 2023.

Missouri

• Basic Minimum Rate (per hour): $12.00

Premium Pay After Designated Hours 2 : Weekly - 40

In addition to the exemption for federally covered employment, the law exempts, among others, employees of a retail or service business with gross annual sales or business done of less than $500,000.

Premium pay required after 52 hours in seasonal amusement or recreation businesses.

The minimum wage is adjusted annually based on a set formula.

By Locality

• "To date, 42 cities in the United States have instituted minimum wages above the state or federal

level. Of these cities, 22 have a minimum wage that is $15 per hour or more—including San Francisco, Seattle, Los Angeles, and Washington DC—a level that seemed unthinkable just a few years ago. Moreover, advocates for city-wide minimum wages have played an important role both by changing wages in some of the largest and most dense labor markets in the United States, and by re-shaping the policy terrain more broadly. In these campaigns, advocatesfor a higher minimum wage first shifted their focus from state and federal government to city councils, mayors, and voters (via ballot initiatives). Subsequently, legislatures in states like California and Washington responded to the city-wide minimum wages by passing large state-wide increases of their own. In contrast, other state legislatures passed laws pre-empting a city-wide minimum wage mandate"

• "Florida has a long-standing state statute that expressly prohibits municipalities from enacting local wage ordinances. Section 218.007 provides that “a political subdivision may not establish, mandate, or otherwise require an employer to pay a minimum wage, other than a state or federal minimum wage.” While the statute does permit local wage ordinances for local government employees, a Florida municipality cannot pass legislation that seeks to impose a higher wage upon private employers operating within the city/county."

Inflation Adjusted

• Peak was $12.12 in 1968 (Measured in 2022 USD)

Cost of Living Adjusted / Common Local Wage

• Re: Cost of Living
• Need to work on this FALW may be the page for pondering on this

Internal Links

• Common Local Wage (What is often payed locally, as with the Minimum Wage, it may not be sufficient but it is a useful baseline)
• Fairness Adjusted Local Wage (Aka FALW ; Don't just get payed, have a wage you can FALW back on!) (or something along those lines)
• Purchasing Power and Cost of Living

External Links

• The Wikipedia Page on Minimum Wages