From Bloomberg:

The federal minimum wage was raised to $7.25 an hour in July 2009. Among the states, Washington has the highest minimum wage at $9.19, it rises to $9.32 on Jan 1, 2014. Georgia and Wyoming have the lowest minimum wage: $5.15, although in those cases, the federal minimum wage of $7.25 supersedes the state wage law. Several western cities have enacted minimums above what state law requires.

Source: Bloomberg

Category: Digital Media, Legal, Wages & Income

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8 Responses to “2014 Minimum Wage Laws”

  1. mle detroit says:

    Look at those 4 light green states, and those cities – some of the richest, classiest, most pleasant places to live in the country.

  2. tricky says:

    Here in Australia the minimum wage is $16.80 an hour
    A 15 yr old kid flipping burgers at MacDonalds gets $15 an hour.
    Unemployment rate is 5.7%

    Just sayin….

  3. BottomMiddleClass says:

    Whenever people moan and groan about how we can’t possibly have a higher minimum wage, I like to point out that the minimum wage in Australia is $16.88 and they still have fast food restraunts and the workers have NOT been replaced by robots and the economy has not collapsed….

    http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/19/the-u-s-has-a-7-25-minimum-wage-australias-is-16-88/

    • sditulli says:

      Thoughts on this.

      A) Australia had a mining boom and its their most important industry. That pushed wages up across the economy and employed a lot of lower-skilled labor (non-college educated)

      B) What kind of underclass do they have. I’m not sure on this, but we have a large African American community that is low skilled. We also have fairly open borders and a lot of illegal immigration and a fair amount of legal immigration. Most of this is low skilled.

      So on balance could one argue that their different supply-demand dynamics has led to a labor market that can clear at higher minimum wages?

      Their data is interesting. The lack of a recession I apply to very good monetary policy. But even then the low unemployment with high minimum wages is very interesting.

      If you removed the 10 million + illegal immigrants who are mostly low skilled and I’m guessing in the neighborhood of 3-7% of our labor force how much would companies need to hike wages in order to attract low skill workers? I’m guessing McDonald’s wouldn’t be able to hirer in most markets at the Federal Minimum Wage

      • BottomMiddleClass says:

        Australia is a very different economy, but the elected officials CHOSE to raise the minimum wage and business interest howled doom and gloom. I dug up a piece of 2011 history here: http://www.stuff.co.nz/business/world/5097951/Australia-raises-minimum-wage

        Schools are VERY VERY different, but Australia actually has a much higher pecentage of the population that does not complete 12 years of education, so Australia has a bigger “under class” percentage than the states.

        http://www.census.gov/prod/2012pubs/p20-566.pdf (see page 3)

        http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/4102.0Main+Features40Mar+2011 (scroll down to graph)

        As for illegal immigrants, if the minimum wage was raised to $16.88 I bet those 10,907,000 currently unemployed people would stary applying for jobs picking crops and working in meat packing plants. It helps when you can afford to get a car to get to work. Although now that you mention it, it’s kind of freaky that there are an estimated 10,000,000 illegals in the US and 10,907,000 unemployed as of last november…. http://www.deptofnumbers.com/unemployment/us/

        Also I have this weird rush of pride and excitement that my original link above made it into Barry’s AM Reads… so I’m putting a long reply that will probably never be read since it’s such an old thread…

  4. Iamthe50percent says:

    ABC7 News reported at noon time that millionaire Illinois Republican gubernatorial candidate Bruce Rauner has officially proposed lowering the Illinois minimum wage by $1.00 an hour “to make Illinois business more competitive with other states”. Web report here: http://abclocal.go.com/wls/story?section=news/politics&id=9386407

  5. Lyle says:

    So we have a nice experiment going on to see if increased minimum wages cause all the concerns the right suggests. In a year or so we can compare the performance of the states and see if there are differences. (Of course we need to exclude western ND where the Minimum wage is irrelevant due to the demand for labor, and I also suspect the Eagle Ford country, as well as the Permian Basin in Tx, as oil booms tend to make the minimum wage irrelvant).

  6. theexpertisin says:

    If states wish to have the feds assume more power, let ‘em impose a $17.00 minimum wage – and the Australian welfare set of stips and immigration enforcement package.

    They should go hand in hand.