What is the minimum wage?

The minimum wage is the starting hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act). Some states and cities have raised their minimum wage higher than that. In most instances, the higher of the prevailing minimum wage requirements is binding for employers.

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Minimum Wage in the U.S.

Select your state to learn more about the standard minimum wage and the tipped wage in your state.

Fed. Min. Wage Fed. Tipped Wage
$7.25 $2.13

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October 31, 2025

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Virginia Should Learn from Neighbors’ Mistakes

With Virginia’s governor’s race heating up, the $15 minimum wage is getting some extra attention. But lawmakers interested in trying out this policy should look at the consequences of high-wage…
New York October 17, 2025

New York’s Full-Service Restaurant Industry is Shrinking While the Nation Expands

Over the past decade, New York has been a testing ground for some of the country’s most aggressive wage policies. Governors and lawmakers have repeatedly floated sky-high minimum wage hike…
Colorado October 10, 2025

As CO Soars Past A $15 Minimum Wage, Small Businesses See Outsized Share of Impacts

Colorado’s minimum wage is on a fast climb. Since voters approved the creation of a statewide minimum wage in 2007, the rate has risen each year, pushing Colorado toward some…