FAQ: What Is The Minimum Wage In The State Of Illinois?

Does Illinois minimum wage go up in July 2021?

However, the Cook County Minimum wage for tipped employees will increase on July 1st from $6.00 to $6.60 to match the increase under Illinois law. For City of Chicago employers, the minimum wage for both tipped and non-tipped employees will increase on July 1st.

What is the minimum wage in Chicago 2021?

On July 1, 2021, the minimum wage increased for employers with employees who work in Chicago. The minimum wage in Chicago increased to $15.00 per hour for employers with more than 20 employees and to $14.00 per hour for employers with 4 to 20 employees.

What states have a $15 an hour minimum wage?

In New York, the minimum wage will increase to $12.50 per hour, although in New York City, the minimum wage is $15. States such as California, Florida, Illinois, Massachusetts and others have approved gradual, annual minimum wage increases to reach $15 per hour within several years.

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Will the minimum wage go up in 2021?

What is the minimum wage? Effective January 1, 2021, the minimum wage increases to $14 per hour for employers with 26 or more employees and $13 per hour for employees with 25 or fewer employees. The minimum wage shall be adjusted on a yearly basis through 2023 according to the pre-set schedule shown above.

Is Illinois minimum wage going up in 2021?

The minimum wage in Illinois is $11-an-hour and $6.60-an-hour for tipped workers. The Illinois minimum wage is scheduled to increase to $12-an-hour on January 1, 2022 and will gradually increase to $15-an-hour on January 1, 2025.

What state has lowest minimum wage?

The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.

What is the minimum wage in Chicago in 2020?

On July 1, 2020, the minimum wage in Chicago, Cook County, and Illinois will increase. The minimum wage in Illinois will be raised to $10 per hour and the minimum wage for tipped employees will be $6.00 per hour.

What is the lowest salary in USA?

The federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.

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Who has the highest minimum wage in the US?

Excluding Washington, D.C.’s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively. 4

How much is $15 an hour annually?

Assuming you work 40 hours every single week, you would be working 2080 hours per year. A person making $15 an hour would make about $31,200 per year.

Will minimum wage go to $15 an hour?

On April 4, California Governor Jerry Brown signed SB 3 into law. The new law increases the minimum wage to $15 per hour by Jan. 1, 2022, for employers with 26 or more employees. Beginning July 1, 2023, the minimum wage rate will be indexed to inflation based on the Consumer Price Index.

Do you get a raise if you make more than minimum wage?

Raising the minimum wage means that business owners and employees in the United States are legally required to raise the hourly wage for their minimum wage workers—and only their minimum wage workers. If you’re already earning above minimum wage, your employer won’t be required to give you a pay increase too.

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