U.S. Minimum Wage Poster 2024
Federal law in the U.S. encompasses the legislation that is applied to all 50 states, District of Columbia and related U.S. territories. Following federal law, the Fair Labor Standards Act outlines the regulations for minimum wage, overtime and employee recordkeeping in the U.S.
Since July 2009, the federal minimum wage has stood at $7.25 per hour and as of the year 2024, it rate has not changed. For this reason, many states in the U.S have created their own minimum wage laws which can offer more protections and benefits to employees.
U.S. minimum wage law also allows employers to pay a reduced minimum wage to tipped employees. Federal law defines a tipped employees as an employee who receives $30 in tips monthly. Following federal policy, employers are obligated to pay tipped employees a minimum wage of $2.13 per hour, given the condition that the employee’s tips combined with the reduced wage equal the federal minimum wage.
This U.S. Minimum Wage Poster provides a comprehensive overview of regular minimum wage as well as tipped employee minimum wage for 50 states in the U.S in 2024. It is important to note that both federal and state minimum wage policies apply to employers.
