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The Global Insight

What should the minimum wage be in 2020?

Author

Robert Miller

Updated on February 24, 2026

$12.00/hour
Schedule for California Minimum Wage rate 2017-2023.

DateMinimum Wage for Employers with 25 Employees or LessMinimum Wage for Employers with 26 Employees or More
January 1, 2019$11.00/hour$12.00/hour
January 1, 2020$12.00/hour$13.00/hour
January 1, 2021$13.00/hour$14.00/hour
January 1, 2022$14.00/hour$15.00/hour

Did the Fair Labor Standards Act create minimum wage?

Overview. The national minimum wage was created by Congress under the Fair Labor Standards Act (FLSA) in 1938. FLSA specifically provided for a minimum wage for full time and part time, public and private sector workers.

What’s the new minimum wage 2021?

In April 2021 they are: Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour. Age 21-24 – £8.36 an hour.

What is covered under the Fair Labor Standards Act?

The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Many states also have minimum wage laws.

Why was the Fair Labor Standards Act passed?

The Fair Labor Standards Act, or FLSA, was passed in 1938. It’s a federal statute passed to protect workers from abuses that were occurring during the Industrial Revolution and Great Depression. During this time, it was commonplace for companies to pay workers small wages and employ workers for long hours.

How much is the real living wage 2020?

It is independently set, based on the cost of living. There are two rates to recognise the higher costs of living in London. The London Living Wage rate is £10.85 per hour and the rate for the rest of the UK is £9.50 per hour (from 09/11/2020).

What states have $15 an hour minimum wage?

In New York, the minimum wage will increase to $12.50 per hour, although in New York City, the minimum wage is $15. States such as California, Florida, Illinois, Massachusetts and others have approved gradual, annual minimum wage increases to reach $15 per hour within several years.

What is the minimum wage under the Fair Labor Standards Act?

The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009.

When did the minimum wage go up to$ 7.25?

he Fair Labor Standards Act (FLSA) of 1938 established the hourly minimum wage rate at 25 cents for covered workers. 1 Since then, it has been raised 22 separate times, in part to keep up with rising prices. Most recently, in July 2009, it was increased to $7.25 an hour.

Can a state set their own minimum wage?

Under the Federal Fair Labor Standards Act, states and localities are permitted to set their own minimum wage rates, which will take precedence over the Federal minimum wage rate if they are higher. In states that do not set a minimum wage rate, or have an antiquated minimum wage rate…

What’s the minimum wage in the state of Florida?

Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek. FLSA Minimum Wage: The federal minimum wage is $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws.