Topic: Minimum Wage and Inflation
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Answers to Common Questions
What is the Federal Minimum Wage?
As of July 24, 2008, the Federal Minimum Wage is $6.55 per hour, and is scheduled to be increased to $7.25 on July 24, 2009. Individual states may differ. Read More »
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What is the Minimum Wage in Michigan?
The minimum wage in Michigan is $7.40. The minimum wage does vary from state to state. The federal minimum wage is $7.25. Read More »
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What is Minimum Wage in Ohio?
A revised labor law poster issued by the Ohio Department of Commerce includes an increase in the state's minimum wage from $7 per hour to $7.30 per hour effective Jan 1, 2009.Ohio's minimum wage is adjusted for inflation every January 1.The... Read More »
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More Common Questions
Answers to Other Common Questions
Minimum wage is adjusted by considering the unemployment rate, inflation and average incomes for families. These factors are used to figure what the lowest amount a family could live off of would be. Minimum wage is different in every state...
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As of July 1, 2009, the minimum wage in Nevada is $7.55 an hour. If you work a 40 hour work week for 52 weeks, then you will make $15,704 a year before taxes.
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Minimum wage for Florida is $7.25 it will remain unchanged since it was last updated (October 15, 2009). It is way better than what it was when I started my first job.
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The lowest minimum wage in Canada is 8.00 and goes up to 10.00. Canada's min wage is a lot higher than the US min wage that is only 7.25 an hour.
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Each state may have their own minimum wage but the federal law sets the actual minimum. As of July 24th, 2009, the federal amount for minimum wage is $7.25 per hour. States may change their minimum wage but it has to be at least this amount...
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The minimum wage in England for workers 22 and older is 5.80 pounds which is about $8.34 USD. For worker 18-21 it is 4.83 pounds which is about $6.95 USD.
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The minimum wage in Minnesota ranges from $5.25 - $6.15. The Federal minimum wage is $ 7.25. The minimum wage does vary from state to state.
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