Review Of What Is Federal Minimum Wage 2023. The current federal minimum wage is $7.25, and it has not changed since 2009. Federal and state minimum wage changes in 2023
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. Web at a minimum, all private businesses are required to pay the $12.30 hourly rate, except retail and service businesses whose gross annual sales are less than $500,000. This rate applies to covered nonexempt workers.
