Erik McGregor/Pacific Press—LightRocket via Getty Images A minimum wage is the lowest wage that a worker may be paid per hour. It's a price floor on hourly wages mandated by federal law.
Over 9.2 million workers across the U.S. will see their paychecks grow as the minimum wage rises in 21 states. The change — effective Jan. 1, 2025 — represents an overall pay increase of $5.7 ...
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