what is the federal minimum wage
What is the federal minimum wage?
Answer:
The federal minimum wage in the United States is the lowest hourly wage that employers are required to pay their employees. As of July 24, 2009, the federal minimum wage is $7.25 per hour. However, it is important to note that individual states can set their minimum wage higher than the federal standard. Some states have set their minimum wage well above the federal level to account for the cost of living in their respective areas. The purpose of the minimum wage is to ensure that workers are fairly compensated for their work and can maintain a basic standard of living. Discussions and debates often arise about whether the federal minimum wage should be increased to better reflect the current economic conditions and living expenses faced by individuals and families.