Minimum wage has been getting maximum attention.
According to Reuters, a group of Chicago city officials have proposed raising the city’s minimum wage to $15 an hour, joining a laundry list of cities, states, and even the Federal government in taking a fresh look at their respective minimum wages.
Where can you pull down the highest minimum wage?
Wage Wars
With its push to peg the city’s minimum wage at $15 an hour, Chicago is looking to keep stride with Seattle, whose city council will vote on that city’s proposed $15 minimum wage next week. Not to be outdone, Los Angeles is considering raising its minimum wage to $15.37 an hour.
If you guessed San Francisco you’d be right. San Francisco raised its minimum wage to $10.74 an hour in January, putting it just ahead of Santa Fe, New Mexico, which increased its living wage to $10.66 an hour in March. State-wise, Washington state takes the top spot with a minimum wage of $9.32 an hour.
Minimum Wage Law
Federally, the minimum wage for most employees is set at $7.25 and governed by the Fair Labor Standards Act (FLSA).
However, your state or city may also have their own minimum wage laws.
Related Resources:
- Fair Labor Standards Act (FindLaw)
- State Minimum Wage and Overtime Laws (FindLaw)
- Obama’s $9 Minimum Wage Idea: 9 Things to Consider (FindLaw’s Law and Daily Life)
- Minimum Wage 101: What Small Businesses Need to Know (FindLaw’s Free Enterprise)
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