Quick Answer: Is Federal Minimum Wage Going Up In 2020?

Is $15 an hour a livable wage?

But even at $15 an hour, life doesn’t get a whole lot easier.

Two adults who work 40 hours a week each and earn $15 an hour make $62,400 before taxes.

That’s below what the Economic Policy Institute calculates as a living wage for most of the country..

Where in the US has the highest minimum wage?

The Top 5 U.S. Cities With the Highest Minimum WageHigher Minimum Wages.Seattle: $15.45.San Francisco: $15.00.San Jose: $15.25 Per Hour.New York City: $15.00.Washington, D.C.: $15.00.

Does minimum wage go up in April 2020?

Effective as of April 1, 2020. The NS minimum wage will move to $13.10 on April 1, 2021. The calculation for the base wage will return to the CPI formula on April 1, 2022. View more information.

Do I have to pay state or federal minimum wage?

Most employers must pay their workers at least the federal minimum wage. Federal law requires employers to pay all employees a minimum hourly wage, currently $7.25 a year later. Each state is also free to impose its own minimum wage (and many do).

What is minimum wage in all 50 states?

Minimum & Tipped Wages by StateStateMinimum WageTipped WageAlabama$7.25$2.13Alaska$10.19$10.19Arizona$12.00$9.00Arkansas$10.00$2.6348 more rows

What states are raising the minimum wage in 2020?

The states that raised their wages at the start of 2020, or will later this year, include:Alaska, with an hourly increase from $9.89 to $10.19.Arizona, $11 to $12.Arkansas, $9.25 to $10.California, $12 to $13.Colorado, $11.10 to $12.Connecticut, $11 to $12 on Sept. … Florida, $8.46 to $8.56.Illinois, $8.25 to $9.25.More items…•

What are some exceptions to the federal minimum wage?

Federal law provides minimum wage exceptions under specific circumstances for (1) workers with disabilities, (2) full-time students, (3) employees under 20 years old in their first 90 consecutive days of employment, (4) tipped employees, (5) student learners, (6) apprentices, and (7) messengers.

Will Walmart pay $15 an hour in 2020?

The pay raises for many will increase their current hourly wage from $11 to $15 per hour, while some select positions can see pay raises up to as much as $30 per hour. Specifically, the pay raises will be applied to employees who hold team leadership roles at various Walmart stores including Supercenters.

What happens if minimum wage goes up?

Pros of a Higher Minimum Wage Raising the minimum wage on a regular basis helps families keep up with price inflation. … Lower unemployment and higher wages increase tax revenues. When workers earn higher wages, they rely less on governmental “safety net” programs.

What states have a $15 an hour minimum wage?

In addition to Florida, the following states have approved $15 an hour minimum wage increases:California.Connecticut.Illinois.Maryland.Massachusetts.New Jersey.New York.Virginia.More items…•

What state has lowest minimum wage?

GeorgiaThe state currently with the lowest minimum wage requirements as stated in data from the DOL is Georgia. Paying just $5.15 per hour, Georgia has a minimum wage of more than $2.00 below the federal mark of $7.25. The state with the second-lowest wage is Wyoming with a minimum hourly pay rate of $5.17.

Is Walmart pay going up in 2020?

According to a Walmart news release, the company is going to be increasing the pay roughly 165,000 hourly employees. The 2020 Walmart pay raise has it increasing the starting pay for bakery workers from $11 per share to $15 an hour.

Does federal minimum wage override state?

An element of the FLSA is the federal minimum wage law. … However, in the 18 states with state laws that set the minimum wage higher than the federal minimum wage, such as California and Florida, the state law supersedes the federal law.

Can you pay less than minimum wage?

Employers and employees cannot be paid less than their applicable minimum wage, even if they agree to it.

Who does not apply minimum wage?

The current general minimum wage applies to all employees, with the exception of students under 18.

Who has the lowest minimum wage in the US?

Which States Have the Lowest Minimum Wage?Over the past several years, there has been a push to increase the federal minimum wage from $7.25 an hour—where it has sat since 2009—to at least $15. … As of November 2020, Georgia and Wyoming have the lowest state minimum wage requirements, according to data from the U.S. Department of Labor (DOL).More items…

What is federal minimum wage right now?

$7.25 per hourEmployers subject to the Fair Labor Standards Act must pay the current Federal minimum wage of $7.25 per hour.

Is the federal minimum wage going up?

The federal minimum wage which is currently $7.25 per hour, has not been updated since 2009 and is an unlivable income in most of the U.S. … In 2019, the U.S. House of Representatives passed a bill called the Raise the Minimum Wage Act, which would lift federal minimum wage to $15 an hour by 2025.

What if minimum wage was $15?

A $15 federal minimum wage would likely boost pay for 27 million US workers, lifting 1.3 million households out of poverty, according to an analysis released Monday by congressional economists. But the income boost may come with a cost: It could trigger 1.3 million job losses.