What 5 states have the lowest minimum wage?

Currently, 30 states and Washington D.C. have minimum wages above the federal minimum wage of $7.25 per hour. Five states have not adopted a state minimum wage: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour.

Which US states have the lowest minimum wage?

States where legislatures have not raised the minimum above the federal $7.25 an hour include Mississippi, Louisiana, Georgia, Oklahoma, Tennessee, Kentucky, North Carolina and South Carolina.

How many states have $15 minimum wage?

As of Jan. 1 2023, the answer is just three — Washington ($15.74), California ($15.50), and Massachusetts ($15). But that won't be the case for long. Several states have scheduled minimum wage increases to reach $15 an hour in the coming years.

What state has the highest hourly wage?

Minimum wage laws vary from state to state, with some states tying their minimum wage to the cost of living while others have a set dollar amount. The highest minimum wage is in Washington D.C. at $16.10 per hour, followed by Washington at $14.49 and Massachusetts at $14.25.

What is Florida current minimum wage?

Basic Minimum Rate (per hour): $11.00

The minimum wage is adjusted annually based on a set formula. The Florida minimum wage is scheduled to increase to $12.00 on September 30, 2023.

The minimum wage: does it hurt workers?

What state pays the most?

Massachusetts has the highest average salary in the country. New York, Washington, and California have a high cost of living and are home to a large number of Fortune 500 companies.

What city has the highest minimum wage?

Seattle, Washington : $17.27 per hour. Mountain View, California – $17.10 per hour. Sunnyvale, California – $17.10 per hour. Palo Alto, California – $16.45 per hour.

What is the highest minimum wage in the US?

As of January 1, 2023, the District of Columbia had the highest minimum wage in the U.S., at 16.50 U.S. dollars per hour. This was followed by Washington, which had 15.74 U.S. dollars per hour as the state minimum wage.

What is the lowest minimum wage in the world?

Finland. Finland has no government-mandated minimum wage. Employers must pay a minimum wage determined by collective bargaining, which is, on average, $388 (3681 Euros) per month.

What is Georgia minimum wage?

Georgia's minimum wage is $5.15 per hour, however, with some limited exceptions, the federal minimum wage rate applies. Georgia's minimum wage law can be found in the Official Code of Georgia Annotated (O.C.G.A.)

What is Tennessee minimum wage?

Hourly Minimum Wage for Tennessee and neighboring states in 2023. Tennessee minimum wage rate is $7.25 per hour in 2023. Workers receive a lower minimum wage in Tennessee that exceeds the Federal Minimum Wage of $7.25.

Why do servers only make 2.13 an hour?

The reason that the server minimum wage is so low is simple: servers make tips. At the end of each shift, servers are required to report how much money they earned during the course of their shift. That amount must equal or exceed the minimum wage.

What are the cons of $15 minimum wage?

Increasing labor costs could shrink (or eliminate) their margins, meaning they might have to let go of some staff or go out of business. The report from the CBO supports this data; it estimates that raising the minimum wage to $15 could result in the loss of roughly 1.5 million jobs within a decade.

What is the best state to live in financially?

What state pays the least?

Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour. In all seven of these states, the federal minimum wage of $7.25 per hour applies.

What does Mcdonald's pay in Florida?

The average mcdonalds salary in Florida is $25,350 per year or $12.19 per hour. Entry level positions start at $23,400 per year while most experienced workers make up to $31,200 per year.

How much does Wendy's pay in Florida?

Average Wendy's Crew Member hourly pay in Florida is approximately $11.89, which is 6% below the national average.

Is $15 an hour a livable wage in Florida?

Economists estimate that Floridians need to earn at least $15.60 per hour to enjoy a living wage and comfortable lifestyle. This is an average salary of $32,448 per year. These calculations are based on the expenses of a single adult, which increase as you add dependents like older relatives and children.

What job pays the best per hour?

What is the highest paying job?