While the federal minimum wage remains at $7.25 per hour, a rate set in 2009 (with a rate of $17.20 for workers under federal contracts entered into on or after January 30, 2022), more than 20 states increased their minimum wage rates for 2024, most on January 1, but some during the year. Paycor has a state-by-state chart showing the rates for 2024 as compared with 2023. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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