Name: United States Federal Minimum Hourly Wage
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: United States,Minimum Wages,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2021 from 7.25 USD/Hour in 2020. source: Department of Labor

Minimum Wages in the United States averaged 3.18 USD/Hour from 1938 until 2021, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. This page provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Federal Minimum Hourly Wage - values, historical data and charts - was last updated on January of 2022.

Minimum Wages in the United States is expected to reach 7.25 USD/Hour by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Minimum Hourly Wage is projected to trend around 10.00 USD/Hour in 2022 and 12.50 USD/Hour in 2023, according to our econometric models.

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United States Federal Minimum Hourly Wage

In the United States, the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law (the FLSA). The FLSA applies to: employees of federal, state or local government agencies, hospitals and schools, and generally to domestic workers; employees of enterprises that have annual gross volume of sales of at least $500,000; employees of smaller firms if they are engaged in interstate commerce or in the production of goods for commerce. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate.