What Is a Minimum Wage?

What Is the Minimum Wage Nationally?

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The Federal minimum wage is the minimum amount of money that an employer can pay a covered nonexempt employee for an hour worked. The Federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA).

Many states also have minimum wage laws. Check your state for its minimum wage requirements.

You can view an up-to-date list of the minimum wages in all of the states. The list also includes information about minimum wage hikes that are currently scheduled.

Do double check with your state even though these figures are comprehensive. It is easy to make a mistake.

Where an employee is subject to both the state and Federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.

The Federal minimum wage is currently $7.25 per hour. But, many states require employers to pay more than that — and a number of states had  scheduled increases in 2014. See if you state was one of them.

Various minimum wage exceptions apply under specific circumstances to workers with disabilities, full-time students, youth under age 20 in their first 90 consecutive calendar days of employment, tipped employees and student-learners.

In 2014, for example, employees working on federal service and construction contracts have a new minimum wage of $10.10 per hour.  This new law took effect for all new and expiring contracts on January 1, 2015.

Congress periodically raises the minimum wage, so make sure that you are paying the current and appropriate wage by checking with your state and Federal departments of labor.

In 2015, the conversation about minimum wage has turned to $15.00 per hour with some states, municipalities, and locales implementing ​or talking about implementing ​this wage hike. 

You may also be interested in​ ​overtime pay | independent contractor | How to Schedule and Pay Seasonal and Temporary Employees | The Impact of the Minimum Wage Increase

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