The Fair Minimum Wage Act of 2007 is a legislation that aims to increase the federal minimum wage in the United States. It proposes a gradual increase in the minimum wage from $5.15 to $7.25 per hour over a period of two years. The act also includes provisions to ensure that the minimum wage keeps up with inflation in the future. The legislation aims to improve the standard of living for low-wage workers and reduce income inequality.
The Fair Minimum Wage Act of 2007 is a federal law that increased the federal minimum wage in the United States.
Before the Fair Minimum Wage Act of 2007, the federal minimum wage was $5.15 per hour.
The current federal minimum wage under the Fair Minimum Wage Act of 2007 is $7.25 per hour.
Yes, there are exemptions for certain categories of workers, such as tipped employees and certain student workers.
Yes, states can set their own minimum wage higher than the federal minimum wage, and employees are entitled to the higher of the two rates.
Yes, employers who do not comply with the minimum wage requirements may be subject to penalties, including back pay and fines.
Yes, employees can negotiate a higher wage than the minimum wage set by the Act, and many collective bargaining agreements set higher minimum wage rates.
There are ongoing discussions and proposals to increase the federal minimum wage, but as of now, the minimum wage remains at $7.25 per hour.
Small businesses are also subject to the minimum wage requirements under the Act, and they must ensure compliance with the federal minimum wage.
You can find more information about the Fair Minimum Wage Act of 2007 on the website of the U.S. Department of Labor or consult with a legal professional for specific questions and guidance.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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