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The federal minimum wage will not increase in 2024

Posts on social networks Minimum wage increases will take effect in nearly two dozen U.S. states on January 1, 2024.

This has led some people to wonder whether the federal minimum wage would also increase in the new year, according to Google search data.

THE QUESTION

Will the federal minimum wage increase in 2024?

THE SOURCES

THE ANSWER

The federal minimum wage is not increasing and will remain at $7.25 per hour in 2024. However, the minimum wage in 22 states will increase on January 1, 2024.

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WHAT WE FOUND

The federal minimum wage has been $7.25 per hour since July 24, 2009, says the U.S. Department of Labor (DOL).

The DOL has not released any updates on changes to the federal minimum wage. Ogletree Deakins, a law firm specializing in labor and employment counseling, also said in a blog post that the federal minimum wage would remain at $7.25 an hour in 2024.

The only way the federal minimum wage can increase is through a bill passed by Congress and signed into law by the president, the DOL explains.

Some lawmakers have proposed increases to the federal minimum wage, but a search of congressional legislation shows that none of the bills have been passed and signed into law.

However, 22 states are increasing their own minimum wages starting January 1, 2024. Three more states are expected to raise their minimum wages later in the year.

States can set their own minimum wage, which will trump the federal minimum wage if the state minimum wage is higher. Some local governments may also set their minimum wage even higher than their state’s.

Twenty U.S. states still use the federal minimum wage of $7.25 an hour, according to the Economic Policy Institute (EPI).

The 22 states where the minimum wage will increase on January 1, 2024 are:

  • Alaska: $11.73
  • Arizona: $14.35
  • California: $16
  • Colorado: $14.42
  • Connecticut: $15.69
  • Delaware: $13.25
  • Hawaii: $14
  • Illinois: $14
  • Maine: $14.15
  • Maryland: $15
  • Michigan: $10.33
  • Minnesota: $10.85
  • Missouri: $12.30
  • Montana: $10.30
  • Nebraska: $12
  • New York: $16 in New York City and Nassau, Suffolk and Westchester counties; $15 in the rest of the state
  • New Jersey: $15.13
  • Ohio: $10.45
  • Rhode Island: $14
  • South Dakota: $11.20
  • Vermont: $13.67
  • Washington: $16.28

Washington will have the highest minimum wage in the state starting January 1, 2024.

Workers in three other states can expect minimum wage increases later in the year.

Nevada’s minimum wage is set to increase to $12 per hour starting July 1, 2024.

Florida’s minimum wage will increase to $13 per hour on September 30, 2024, as part of a phased increase to $15 per hour by September 30, 2026.

Oregon adjusts its minimum wage each July based on any changes in the U.S. Consumer Price Index (CPI), which is the most widely used measure of inflation. The state’s minimum wage is currently set at $14.20 per hour.

According to the EPI, 38 cities and counties will also increase their minimum wages starting January 1, 2024. The full list is available in Table 3 of this EPI blog post.

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