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Dec 31, 2019 · The federal minimum wage was raised to $7.25 per hour on July 24, 2009, an increase from $6.55 per hour—a rate set in July of 2008, which was itself an increase from $5.85 per hour set in 2007. Yes, the minimum wage increased two years in a row as part of the Fair Minimum Wage Act before staying stagnant for more than 10 years.
Use our United States Minimum Wage calculator to find out the Federal Minimum Wage and also Minimum Wages by States
- What States Will Be Affected
- A Minimum Wage Increase Will Raise The Wages of Low-Income Workers.
- Minimum Wage Increases Benefit Working families.
- Minimum Wage Increases Benefit Disadvantaged Workers.
- A Minimum Wage Increase Is Part of A Broad Strategy to End Poverty.
- There Is No Evidence of Job Loss from Previous Minimum Wage increases.
- References
• There are 31 states that will be affected by the minimum wage increase to $7.25 on July 24, 2009: Alabama, Alaska, Arkansas, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, South...
• An estimated 4.5 million workers (less than 4% of the workforce) will receive an increase in their hourly wage rate when the minimum wage is raised to $7.25 in 2009. Of these workers, 2.8 million workers currently earn less than $7.25 and will be directly affected by the increase. The additional 1.6 million workers earning slightly above the mini...
• The earnings of minimum wage workers are crucial to their families’ well-being. Evidence from an analysis of the 1996-97 minimum wage increase shows that the average minimum wage worker brings home more than half (54%) of his or her family’s weekly earnings. • An estimated 430,000 single parents with children under 18 will benefit from a minimum ...
• Women are the largest group of beneficiaries from a minimum wage increase: 63% of workers who will benefit from an increase to $7.25 by 2009 are women. • A disproportionate share of minorities will benefit from a minimum wage increase. African Americans represent 11% of the total workforce, but are 18% of workers affected by an increase. Similarl...
• As welfare reform forces more poor families to rely on their earnings from low-paying jobs, a minimum wage increase is likely to have a greater impact on reducing poverty. • A recent study of state minimum wage increases between 1997 and 1999 in Oregon found that as many as one-half of the welfare recipients entering the workforce were likely to ...
• A 1998 EPI study failed to find any systematic, significant job loss associated with the 1996-97 minimum wage increase (Bernstein and Schmitt 1998). In fact, following the most recent increase in the minimum wage in 1996-97, the low-wage labor market performed better than it had in decades (e.g., lower unemployment rates, increased average hourly...
Aaronson, Daniel, Sumit Agarwal, and Eric French. 2008. The Spending and Debt Response to Minimum Wage Hikes. Working Paper. Chicago, Ill.: Federal Reserve of Chicago. Appelbaum, Eileen, et al. 2004. The Minimum Wage and Working Women. Bernstein, Jared, and Chauna Brocht. 2000. The Next Step: The New Minimum Wage Proposal And The Old Opposition. Wa...
The table of federal minimum wage rates under the Fair Labor Standards Act, 1938 - 2009 is also available in a PDF Version. In order to view and/or print PDF documents you must have a PDF viewer (e.g., Adobe Acrobat Reader v5 or later ) available on your workstation.
Oct 18, 2019 · 2009: Thanks to legislation passed two years earlier, the federal minimum wage rises to $7.25. States, Fed Raise Minimum Wage 2021 : A bid to advance an increase the federal minimum wage to $15...
Sep 12, 2016 · Data in this report reflect the average number of workers earning the prevailing Federal minimum wage or less for the calendar year 2009 (those who earned $6.55 or less from January 2009 through July 2009 and those who earned $7.25 or less from August 2009 through the end of the year).
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Jul 24, 2009 · The U.S. minimum wage goes to $7.25 an hour, from $6.55, according to the U.S. Department of Labor. Most states have their own minimum wage, and employers are required to pay whichever is...
