Department of Labor
Government, via legislation.
Wage and Hour Division
Wage and Hour Division
Wage and Hour Division
Minimum wage.
Minimum wage.
The employer.
The Fair Labor Standards Act (FLSA) sets the federal minimum wage in the United States. As of October 2023, the federal minimum wage is $7.25 per hour, a rate that has been in effect since July 2009. However, many states and localities have established their own higher minimum wage rates.
Wages are typically set by a combination of factors, including government regulations, market conditions, and collective bargaining agreements. In many countries, national or regional governments establish minimum wage laws that set the lowest legal pay for workers. Additionally, some sectors may have specific wage-setting mechanisms through unions or industry standards. Ultimately, while the government can influence wage levels, market forces and employer decisions also play significant roles.
Command
Economic stability
Economic stability