The CBO estimated in February 2014 that raising the minimum wage would reduce the number of people below the 900,000 poverty income line under the $10.10 option versus $300,000 under the $9.00 option.  Similarly, Arindrajit Dube, an economics professor at the University of Massachusetts Amherst, found in a 2017 study “strong evidence that higher minimum wages lead to income increases among families at the bottom of the income distribution and that these wages reduce poverty rates.” According to the study, “a 10% increase in the minimum wage reduces the poverty rate of seniors by about 5%.”   Similarly, a Morgan study concluded that a national minimum wage of $15 would lift tens of millions of Americans, potentially 32 million Americans, out of poverty and improve the racial wage gap.  This is a list of minimum wages (per hour) in each U.S. state and territory for jobs covered by federal minimum wage laws. If the work is not subject to the federal Fair Labor Standards Act, state, city, or other local laws may set the minimum wage.  A common exception to the federal minimum wage is a business with sales of less than $500,000 per year that does not engage in interstate trade. Medical staff: In California, the law also provides that licensed physicians and surgeons will be exempt from state overtime requirements if they receive a minimum hourly rate of $97.99 (an increase of $6.92) in 2023. In January 2014, seven Nobel economists – Kenneth Arrow, Peter Diamond, Eric Maskin, Thomas Schelling, Robert Solow, Michael Spence and Joseph Stiglitz – and 600 other economists wrote a letter to the US Congress and the US president calling on the US government to raise the minimum wage to $10.10 by 2016. They approved the Minimum Wage Fairness Act, introduced by U.S. Senator Tom Harkin in 2013.   U.S. Senator Bernie Sanders introduced a bill in 2015 that would raise the minimum wage to $15, and during his 2016 presidential campaign, he ran on a platform to raise it.
  Although Sanders was not nominated, the Democratic National Committee included his $15 minimum wage in its 2016 party platform.  According to the May 2006 National Employment and Professional Wage Estimates, the four lowest paid occupational sectors in May 2006 (when the federal minimum wage was $5.15 per hour) were: 13 The regulation establishes an hourly rate of $15.03 for this type of worker from July 1, 2022 to June 30, 2023. In general, this rate will be lower than the state minimum wage. However, $15.03 per hour could exceed a minimum wage rate that may apply under state law. Currently, 29 states and DCs have minimum wages above the federal minimum wage of $7.25 per hour. In 2021, the Congressional Budget Office released a report estimating that gradually increasing the minimum wage to $15 an hour by 2025 would increase the federal budget deficit by $54 billion over ten years by increasing the cost of goods and services paid for by the federal government.  Federal Minimum Wage Information, U.S. Department of Labor. Includes links to federal legislation and regulations, as well as web pages on various minimum wage topics. A 2016 White House report argued that higher hourly wages led to a decrease in crime.
 The Council of Economic Advisers study calculated that “raising the minimum wage reduces crime by 3 to 5 percent.” To obtain these figures, the study assumed that “such an increase in the minimum wage would have no impact on employment, with an employment elasticity of 0.1, the benefits would be slightly lower.”  Increases are subject to the federal minimum wage and consumer price index. The increases will take effect on July 1. (Constitutional Amendment 2004/2006). To qualify for California`s administrative, professional and executive exemptions, employees must pass certain pay and assignment tests and earn at least double the state`s minimum hourly wage based on a 40-hour week. The state`s minimum wage is expected to increase on January 1, 2022 and varies depending on the size of the employer. As a result, as of January 1, 2022, employers with 26 or more employees must pay at least $1,200 per week to qualify for the exemption. Employers with fewer than 26 employees must pay a salary of at least $1,120 in 2022 to qualify for the exemption. Note: There is also a professional exemption under state law.
For the professional exemption, workers must meet certain duty criteria, but there is no minimum wage requirement under state law. Federal law sets a minimum wage of $684 per week for the professional exemption. Employers who wish to classify employees as exempt from overtime must ensure that employees meet federal and state exemption criteria. No. The minimum wage is an obligation of the employer and cannot be overridden by any agreement, including collective agreements. Laws for the protection of employees must not be violated by an agreement between the employer and the employee. Civil Code §§ 1668 and 3513 Employers are generally required to pay employees the highest minimum wage required by federal, state, or local laws. As of January 2020, 29 states and D.C. had a minimum wage above the federal minimum. :1  This leads to nearly 90% of the United States.