Minimum Wage 2024 Increase Date. Increases the hourly minimum wage for workers performing work on or in connection with covered federal contracts to $15 beginning jan. Federal minimum wage 2024 the latest increases puts more distance between states that are lifting their minimum wages and those that continue to rely on the federal baseline pay of $7.25 an hour.
Current rates these rates are for the national living wage (for those aged 21 and over) and the national minimum wage (for those of at least school leaving age). When the new rate will take place in april, this will represent an increase of 9.8% for over 23s, and of 12.4% for over 21s.
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