Premium pay required after 52 hours in seasonal amusement or recreation Certified Public Accountant businesses. Domestic service workers are subject to Hawaii’s minimum wage and overtime requirements. An employee earning a guaranteed monthly compensation of $4,000 or more is exempt from the State minimum wage and overtime law.

Localities

For comparison, an annual wage column is provided in international dollars, a hypothetical unit of currency calculated based on the purchasing power parity (PPP) of household final consumption expenditure. For calculating the annual wage, the lowest general minimum wage was used. „The January 1 increases show that the minimum wage continues to be a powerful tool for combating racial and gender wage disparities, supporting working families, and reducing poverty,” EPI said in its report. Five states are bumping up the statewide minimum wage through previously adopted legislation, and two states — Nebraska and Montana — are making changes after voters passed ballot measures. The California Fast Food Council has the authority to raise the fast-food minimum wage effective Jan. 1, 2025, but so far has not acted to do so. The minimum wage for the state of Illinois increased by $1 from $14 to $15 on January 1, 2025, which means it finally reached the threshold following a series of increases that began in 2019.

These 10 cities and counties have some of the highest U.S. minimum wages—many are over $20

• The minimum wage applies to covered nonexempt workers in the private sector and in federal, state and local governments.
• Similar to minimum wages, the start of a new year brings an increase to several state, county, and city tipped minimum wages.
• On Jan. 1, 2025, Executive Order will raise the minimum wage rate for federal contractors to $17.75 per hour, according to the DOL notice published on Sept. 30, 2024.
• For comparison, an annual wage column is provided in international dollars, a hypothetical unit of currency calculated based on the purchasing power parity (PPP) of household final consumption expenditure.
• These standards are enforced by the Department’s Wage and Hour Division.

The Virginia minimum wage is adjusted annually based on a set formula. Employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. The state adopts the federal minimum wage rate by reference if the federal rate is greater than the State rate. The State adopts the federal minimum wage rate by reference if the federal rate is greater than the State rate.

Wage and Hour Resources for Workers

Minimum wages can change periodically, depending on various state and federal laws. While some states follow federal guidance, others set their own requirements. Understanding the rules affecting the state(s) you operate in is key to compliance. Rates are higher in Chicago, where the minimum wage is https://www.bookstime.com/articles/what-are-income-statement-accounts currently $16.20 per hour for employers with four or more employees.

The National Law Review is not a law firm nor is  intended to be a referral service for attorneys and/or other professionals. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. Jobs that a minimum wage is most likely to directly affect are those that pay close to the minimum. The Wage and Hour Division tries minimum wage around the us to ensure that the information on this page is accurate, but individuals should consult the relevant state labor office for official information.