On May 14, 1947, the FLSA was amended by the Portal-to-Portal Act. The rates established by industry committees could be less than the statutory rates applicable elsewhere in the United States. Consequently on June 26, 1940, an amendment was enacted prescribing the establishment of special industry committees to determine, and issue through wage orders, the minimum wage levels applicable in Puerto Rico and the Virgin Islands. How can we help yours? Take a guided tour of our most popular solutions to find out.Adapted from Minimum Wage and Maximum Hours Standards Under the Fair Labor Standards Act, 1988 Report to the Congress under Section 4(d)(1) of the FLSA.Įarly in the administration of the FLSA, it became apparent that application of the statutory minimum wage was likely to produce undesirable effects upon the economies of Puerto Rico and the Virgin Islands if applied to all of their covered industries. From recruiting and onboarding to people management, compliance and more, we provide technology and expertise to help business leaders solve problems and grow their businesses. Paycor’s expertise goes far beyond minimum wage. All communication from Paycor should be confirmed by your company’s legal, tax, benefit, accounting or investment advisor before making any decisions. Paycor is not a legal, tax, benefit, accounting or investment advisor. Check out our Resource Center for the latest compliance updates, industry trends, thought leadership and best practices to help organizations achieve their vision and reach their potential. The two states with the lowest minimum wage are Georgia and Wyoming, both sitting at $5.15 however, employers in Georgia and Wyoming that are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.įor nearly 30 years, Paycor has been guiding our clients through big changes to federal, state and local taxes as well as compliance.
were a state, it would have the highest minimum wage at $16.10. The state with the highest minimum wage in 2023 is California at $15.50. Which State Has the Highest Minimum Wage? The following states have passed legislation to reach a $15 minimum wage in 2023 and beyond. Which States Have an Upcoming Increase to $15 Minimum Wage?
The federal minimum wage has remained $7.25 since 2009. Is the Federal Minimum Wage Rising in 2023? In most of these states, the minimum wage will increase on January 1, 2023. More than 20 states will raise their minimum wage in 2023. Which States are Increasing the Minimum Wage in 2023? You can find minimum wages for tipped employees, here. The map below shows which states have changes in minimum wages in 2023. **Varies by geographical location and will increase based on inflation rate. *Companies that provide employee health insurance can pay $1.00 less. $14.13 (Businesses with fewer than 6 employees and seasonal employees pay $12.93) $5.15 (Employers subject to the Fair Labor Standards Act must pay the $7.25 Federal minimum wage) $15.50 minimum wage will apply to all employers 1/1/23 $15.00 for businesses with 26+ employees $14 for businesses with 25 or fewer employees 2023 StateĢ023 Minimum Wage (effective 1/1/23 except as noted) To ensure your organization is aware of the latest minimum wage requirements, Paycor has created a breakdown by state. Although the federal minimum wage of $7.25 has not budged since 2009, nearly half of the country increased their minimum wages for hourly workers after Januto compensate their employees, and more than twenty will provide additional increases going into 2023. While some states are on a schedule for annual increases to eventually reach $15 an hour, 12 states still adhere to the federal minimum. Georgia and Wyoming have the lowest minimum wage.įor employers with employees in multiple states, keeping up with numerous minimum wage rate changes can be a daunting task.California has the highest minimum wage.Federal minimum wage is still $7.25, but more than 20 states will increase minimum wage in 2023.
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