The bare least that an employer is required by law to pay its employees. Although many states have their own minimum wage regulations, the federal minimum wage is $7.25 per hour. There has been a campaign for a $15 minimum wage nationwide in recent years. Here are the states that currently have or will soon have a $15 minimum wage, along with some additional information. States that have a $15 minimum wage
Five states—California, Connecticut, Illinois, Massachusetts, and New Jersey—will have $15 minimum wages by the year 2021. The minimum wage in Washington, D.C. and New York City is $15. Over a number of years, these states have approved laws gradually raising the minimum wage to $15. Other States with Increasing Minimum Wages
In recent years, many other states upped their minimum wages in addition to the five states with a $15 minimum wage. 20 states’ minimum wages are greater than the national minimum wage as of January 2021. Washington has the highest minimum wage after the states that pay $15 an hour, at $13.69 an hour. In 1980, the minimum wage was
The federally mandated minimum wage in 1980 was $3.10 per hour. That is the same as $10.60 in 2021 dollars, after inflation. This indicates that since 1980, the value of the federal minimum wage has actually declined. Minimum Monthly Salary in US
Depending on the state and the job, the minimum wage in the United States varies. The federal minimum wage for exempt workers (those not entitled to overtime pay) is $684 per week or $35,568 per year as of 2021. Nevertheless, several states establish minimum pay thresholds for exempt workers that are frequently greater than the federal standard. Tips are taxed in Oregon.
In Oregon, tips are taxed at the state level. However, they are exempt from paying taxes for Medicare or Social Security. Employers must submit a tip report to the state and deduct state income tax from workers’ paychecks in accordance with the tip report. Minimum Wage in Portland
The current minimum wage in Portland, Oregon, is $13.25 per hour. However, starting in July 2021, the minimum wage will rise to $14 per hour. Smaller businesses pay a lower minimum wage, while those with six or more employees are required to do so.
In conclusion, efforts to raise the federal minimum wage to $15 are ongoing across the country, with five states already adopting legislation to that effect. The minimum wage has recently increased in many other states as well. Since 1980, the federal minimum wage has declined in value, and each state has a different minimum salary requirement for exempt workers. In Oregon, tips are subject to state income tax, and in July 2021, Portland’s minimum wage is scheduled to rise to $14 per hour.
Tipping pooling is permitted in Oregon, however there are rules that must be adhered to. Employees who are routinely and habitually tipped, such as servers and bartenders, must share in the tips from any tip pool that employers mandate participation in. Employers are only permitted to distribute tips to the employees who are included in the tip pool; they are not permitted to keep any tips for themselves or to use them in any other way.