Five states in the US with the highest minimum wages in 2024 | | composition

2024 comes with good news for millions of workers, as more than two dozen states will see increases Minimum salary There are five that stand out for the highest amount, even if they work per hour. On this note, get to know the list.

Although the federal minimum wage has been US$7.50 an hour for more than 10 years, each state has the authority to enact its own law either through statute or through a cost-of-living index administered by the US Department of Labor.

States with the highest salaries by 2024

Below is a list of the five states with the highest hourly wages in the US as of January 2024:

Washington

$16.28

• Effective January 1, 2024, the minimum wage in Washington State will increase from US$15.74 to US$16.28 an hour., 54 cents higher than in 2023. 2 times the minimum wage for all employers by 2024. This means that the exempt employee must earn at least US$1,302.40 per week ($67,724.80 per year).

California

16 dollars

• From January 1, California's minimum wage will increase to $16 an hour; Meanwhile inside Some cities and counties administer their own local minimum wages, which is higher than the state level. This way, California employees must earn an annual salary of no less than US$66,560.

NY

16 dollars

• NY It is one of the states where workers will see minimum wage hikes starting in 2024. In New York goes for 15 to 16 dollars Time as per districts Nassau, Suffolk And Westchester. In other states it will rise from US$14 to US$15.

Connecticut

$15.69

• From January 1, 2024, Connecticut has a fixed minimum wage of $15 US$15.69 per hour, according to its governor, Ned Lamont. Each year beginning on January 1, 2024 and ending on June 30 of the previous year, the state minimum wage will be adjusted according to the Employment Cost Index calculation made by the US Department of Labor.

New Jersey

$15.13

• As on January 1, 2024, the New Jersey Minimum Wage US$14.13 to US$15.13 an hour for most workers. From 2020 onwards, the state is gradually increasing.

What is Overtime Pay Like in the United States?

The Fair Labor Standards Act (FLSA) provides the right to receive overtime pay. Most employees are entitled to a special rate of overtime pay for hours worked totaling more than 40 hours in a week.

The rate of pay for overtime shall be at least one hundred fifty percent (150%) of the normal rate of pay.

What are the sanctions for non-compliance with payment of minimum wages?

If you don't make your full minimum hourly wage, the Department of Labor can let employers know two ways.

• Payment Orders: The employer may be ordered to pay back wages, late or non-payment interest, liquidated damages and penalties.
• Criminal Proceedings: Employers who fail to comply with the minimum wage law are subject to criminal proceedings and sanctions. Penalties for violations can add up to 200% of lost wages. They will also have to pay 16% interest on unpaid wages.

Note: Employers require workers to see minimum wage posters at their workplaces.

More information about banknotes and coins

What are the values ​​of dollars?

As already known, there are dollars with different values. So we have:

• $1 bill: A dollar bill, featuring the obverse of George Washington, the first president of the United States, the lowest denomination of US currency.
• $2 bill: Less common, the two-dollar bill features an image of Thomas Jefferson on the front.
• $5 bill– Featuring a picture of Abraham Lincoln, the 16th President of the United States.
• $10 bill– Portrait of Alexander Hamilton, one of the founders and first secretary of the treasury.
• $20 bill: The effigy of former President and Senator Andrew Jackson is preserved.
• $50 bill: Ulysses Grant shows an image of President No. 8.

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