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- The federal minimum hourly wage is $7.25123. It has not increased since 200912. The Raise the Wage Act of 2023, introduced in the U.S. House of Representatives and U.S. Senate on July 25, 2023, would gradually raise the federal minimum wage to $17 an hour by 20281. However, some states have increased their minimum wage in 20233. The Executive Order 14026 minimum wage and the cash wage required for tipped employees are currently $16.20 and $13.75 per hour, respectively4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The federal minimum hourly wage is just $7.25 and has not increased since 2009. The Raise the Wage Act of 2023, introduced in the U.S. House of Representatives and U.S. Senate on July 25, 2023, would gradually raise the federal minimum wage to $17 an hour by 2028.www.epi.org/publication/rtwa-2023-impact-fact-sheet/2023 Hourly Minimum Wage $7.25 / hour Weekly Minimum Wage1 $290.00 / 40-hr week Yearly Minimum Wage2 $15,080.00 / year The Federal minimum wage was last changed in 2008, when it was raised $0.70 from $6.55 to $7.25.www.minimum-wage.org/federalFederal minimum wage is still $7.25, but more than 20 states increased minimum wage in 2023. California has the highest minimum wage. Georgia and Wyoming have the lowest minimum wage.www.paycor.com/resource-center/articles/minimu…The Executive Order 14026 minimum wage and the cash wage required for tipped employees are currently $16.20 and $13.75 per hour, respectively. [ 2] The Department announced these rates on September 30, 2022, and the rates took effect on January 1, 2023. 87 FR 59464.www.federalregister.gov/documents/2023/09/28/20…
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