Author:
Don Baylor /(512) 320-0222 x 108
July 24, 2007
Read Full Article >>
Today the minimum wage in Texas increased from $5.15 to $5.85 as part of the first federal minimum wage increase in ten years. The minimum wage will increase again to $6.55 in July 2008, with a final increase to $7.25 in July 2009. Texas is currently the only state of the eleven most populous states whose state minimum wage is not higher than the federal standard, and therefore stands to gain the most from the federal increase.
FAQs
The current Texas minimum wage is $7.25 per hour, which is the minimum rate a non-exempt employee in the state of Texas gets paid legally by the hour. This rate is in line with the federal minimum wage. Texas has not raised its state minimum wage since 2009, when it was raised $0.70 from $6.55 to $7.25.
Is Texas raising the minimum wage in 2024? ›
The year 2024 brings significant attention to wage laws as economic conditions and legislative pressures drive discussions on wage adjustments. While the Texas state minimum wage remains at $7.25 per hour, several local initiatives and proposals aim to increase minimum wages in specific cities and sectors.
What is the federal minimum wage for 2024? ›
U.S. minimum wage 2024, by state. The federally mandated minimum wage in the United States is 7.25 U.S. dollars per hour, although the minimum wage varies from state to state. As of January 1, 2024, the District of Columbia had the highest minimum wage in the U.S., at 17 U.S. dollars per hour.
What states are raising minimum wage to $15? ›
What States Have a $15 Minimum Wage?
- California – $16 (California Minimum Wage in 2024)
- Connecticut – $15.69.
- Maryland – $15 (Maryland Minimum Wage in 2024)
- Massachusetts – $15.
- New Jersey – $15.13 (large employers)
- New York – Multiple New York minimum wage rates apply, all are at or over $15.
- Washington – $16.28.
Is the federal minimum wage going up? ›
The federal minimum hourly wage is just $7.25 and has not increased since 2009. The Raise the Wage Act of 2021, introduced in the U.S. House of Representatives on January 26, 2021, would gradually raise the federal minimum wage to $15 an hour by 2025.
Is there a federal pay raise for 2024? ›
The Biden Administration has worked to reverse these trends, providing federal employees a 4.6 percent pay raise in 2023 and a 5.2 percent raise in 2024. Nonetheless, federal employee pay increases have failed to keep pace with rising labor and living costs.
Will Texas state employees get a raise in 2024? ›
According to legislative staff, 72 percent of state employees make $60,000 or less each year. If you make $60,000 a year or more, you will receive 5% percent raise on September 1, 2023, and another 5% pay raise on September 1, 2024.
Is the Texas minimum wage going up? ›
Texas has not raised its state minimum wage since 2009, when it was raised $0.70 from $6.55 to $7.25. Although 22 U.S. states are receiving raises in 2024, Texas is among the states that have not passed legislation to increase the minimum wage from the federal base of $7.25.
What will the federal minimum wage be by 2025? ›
The Raise the Wage Act of 2021 (HR 603) would increase the federal minimum wage in five annual steps, from $7.25 to $15 in 2025, with annual increases thereafter indexed to the median wage.
What state has the cheapest minimum wage? ›
Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour.
Texas doesn't have its distinct minimum wage; it aligns with federal standards. The state last updated this rate in 2008, raising it from $6.55 to $7.25 per hour. And, similar to other states, the Texas minimum wage rate is tied to the Consumer Price Index, so it adjusts with inflation over time.
Is 15 dollars an hour good? ›
“Most of us can't do the math in our heads. If we could, we'd realize that $15 an hour amounts to only $31,200 a year, assuming full-time work—about half of the U.S. median income and a painfully small amount for living and raising children in most American cities.” It can be painfully small outside of cities, too.
What happens if a state minimum wage is lower than federal? ›
If the state or local minimum wage is lower than the federal minimum wage, you must pay your employees at least the federal minimum wage rate.
What is the minimum wage in Texas in 2024? ›
State Minimum Wage Chart
STATE | MINIMUM WAGE | TIPPED WAGES |
---|
Texas | $7.25 (Federal Minimum) | $2.13 |
Utah | $7.25 (Federal Minimum) | $2.13 |
Vermont | $13.18 (Until 12/31/2023) $13.67 (Effective 1/1/2024) | $6.59 (Until 12/31/2023) $6.84 (Effective 1/1/2024) |
Virginia | $12.00 (Effective 1/1/2023) | $2.13 |
51 more rows
Is Walmart giving raises in 2024? ›
Jan. 18, 2024, at 2:00 p.m. NEW YORK (AP) — Walmart Inc. is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders. The moves, announced Thursday, will be effective Feb.
Is the federal minimum wage going up 2024? ›
Millions of workers nationwide could be in line for a pay hike next year, with half of U.S. states planning to boost their minimum wages in 2024. The increases will boost the baseline pay to at least $16 an hour in three states: California, New York and Washington.
Will Texas ever raise the minimum wage? ›
Texas has not raised its state minimum wage since 2009, when it was raised $0.70 from $6.55 to $7.25. Although 22 U.S. states are receiving raises in 2024, Texas is among the states that have not passed legislation to increase the minimum wage from the federal base of $7.25.
What is a good hourly wage in Texas? ›
How much does a Hourly make in Texas? As of Sep 10, 2024, the average hourly pay for a Hourly in Texas is $22.71 an hour. While ZipRecruiter is seeing salaries as high as $39.42 and as low as $15.90, the majority of Hourly salaries currently range between $23.27 (25th percentile) to $25.96 (75th percentile) in Texas.
What is the budget for 2024 2025 in Texas? ›
Texas's current budget
Texas enacted its FY 2024-2025 biennial budget in June 2023. The budget reported $144 billion in general fund spending and $321.3 billion in total spending over the two-year period, an increase of 11 and 6 percent over the previously enacted biennial budget, respectively.