“ Raising the Federal Minimum Wage to $15 by 2024 Would Lift Pay for Nearly 40 Million Workers. "$ 7.25 an Hour: The Federal Minimum Wage Peaked in Purchasing Power in 1968."Įconomic Policy Institute. As of 2020, the federally mandated minimum wage of 7.25 for non-exempt workers is not enough to lift a family of two above the poverty line. " Fact Sheet #39: The Employment of Workers With Disabilities at Subminimum Wages,". " Nebraska Initiative 433 Election Results: Increase Minimum Wage." Therefore, based upon current information. " Increase to State of Florida’s Minimum Wage." Federal minimum wage is currently 7.25 per hour, which is lower than the 2023 Colorado state minimum wage of 13.65. " Nevada Question 2 Election Results: Minimum Wage Regulation." " State Minimum Wage Laws."Ĭommonwealth of Massachusetts. " Statement by President Joe Biden on $15 Minimum Wage for Federal Workers and Contractors Going into Effect." " History of Changes to the Minimum Wage Law." " Fact Sheet #17A: Exemption for Executive, Administrative, Professional, Computer & Outside Sales Employees Under the Fair Labor Standards Act (FLSA)." " Fair Labor Standards Act of 1938: Maximum Struggle for a Minimum Wage." " From the Serial Set: The History of the Minimum Wage." In recent years, the Government has been working on many fronts to help ensure every Canadian has a fair and equal chance to reach their full potential and have decent working. The federal minimum wage directly benefits an estimated 26,000 workers in these sectors who earn less than the current rate. This change applies to workers and interns in federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road and marine transportation. The first adjustment took place on April 1, 2022. Every April 1, the federal minimum wage is adjusted based on Canada's Consumer Price Index (previous calendar year). The measure came into force on December 29, 2021. Part III (Labour Standards) of the Canada Labour Code was amended to establish a federal minimum wage of $15 per hour rising with inflation. California, Washington, Massachusetts and. Initiative 1433, approved by Washington voters in 2016, requires a statewide minimum wage of 11.00 in 2017, 11.50 in 2018, 12.00 in 2019, and 13.50 in 2020. We're looking after workers, because that's how you grow the economy and create more prosperity for everyone." The federal minimum wage is currently 7.25 per hour, and legislation is pending in Congress to increase it. "The cost of living is rising, so we're making sure that wages keep going up too. The federal minimum wage applies to the federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road, and marine transportation.įor more information, consult Pay and minimum wage, deductions, and wage recovery or contact the Labour Program at 1-80. Where the provincial or territorial minimum wage rate is higher than the federal minimum wage, employers must apply the higher rate. Based on the Consumer Price Index, which rose 6.8% in 2022, the increase will help make life more affordable for the approximately 26,000 Canadian workers who earn less than the current rate.įederally regulated private-sector employers must adjust their payroll information with the new rate to ensure workers and interns are paid correctly as of April 1. To keep pace with inflation, the federal minimum wage will increase from $15.55 to $16.65 per hour on April 1, 2023. Yet some Canadian workers still struggle financially while working part-time, temporary and low- or minimum-wage jobs. GATINEAU, QC, Ma/CNW/ - Every Canadian deserves a real and fair chance at success.
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