What is the current federal minimum wage? Explained

The existing federal minimum wage stands at $7.25 per hour, a rate that has remained unchanged since July 2009. Nevertheless, various states implement their individual minimum wage regulations, which can surpass or fall short of the federal standard. In cases where an employee falls under both state and federal minimum wage statutes, they are entitled to the higher of the two amounts. Presently, 31 states have enacted minimum wages exceeding the federal benchmark, whereas two states, namely Georgia and Wyoming, have established their minimum wage lower than the federal rate, fixed at $5.15 per hour.

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