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What is the current federal minimum wage for 2020?

Since July 24, 2009, the federal government has mandated a nationwide minimum wage of $7.25 per hour. As of January 2020, there were 29 states and D. C with a minimum wage higher than the federal minimum.

Is Texas minimum wage going up in 2020?

Minimum wage to increase in 26 states in 2020. The minimum wage will increase in 26 states and the District of Columbia in 2020, with 22 states enacting an increase on Jan. 1, according to a report released by Wolters Kluwer Legal & Regulatory U.S. Texas is not among the states that raised its minimum wage.

What states are raising the minimum wage in 2020?

Seven more states Alaska, Florida, Minnesota, Montana, Ohio, South Dakota, and Vermont have automatic cost-of-living adjustments that will take effect on Jan. 1. Three more states and the District of Columbia have wage increases scheduled to take effect over the course of 2020.

Is Texas going to raise minimum wage?

The U.S. House passed the Raise the Wage Act of 2019, which would raise the federal minimum wage in steps to $15 per hour by 2024. Legislation in 2019 to pump up the Texas minimum wage, from $7.25 to $10.10 an hour, stalled in the House.

What will be the minimum wage in 2020?

A new National Living Wage to be introduced in 2020 will see low-paid workers earn nearly a thousand pounds more a year. The new rate of pay will come in on 1 April 2020, a rise from £8.21 to Â£8.72 for workers over the age of 25, marking an increase of 6.2 per cent.

Is federal minimum wage going up in 2019?

It would increase the federal pay floor to $15 per hour by 2025, then index future increase to median wage gains. The minimum wage hikes would take effect on the following schedule: $8.40 in 2019, $9.50 in 2020, $10.60 in 2021, $11.70 in 2022, $12.80 in 2023, $13.90 in 2024 and $15 in 2025.

Is the federal minimum wage going up?

The Raise the Wage Act of 2017, which was simultaneously introduced in the House of Representatives with 166 Democratic cosponsors, would raise the minimum wage to $9.25 per hour immediately, and then gradually increase it to $15 per hour by 2024, while simultaneously raising the minimum wage for tipped workers and

Is minimum wage going up to $15?

In January, House Democrats introduced the Raise the Wage Act, which would eventually raise the federal minimum wage to $15 an hour by 2024. The law would also tie future changes to changes in median workers' pay. So if middle-class wages go up or down so would the minimum wage.

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