Minimum Wage In 2024 Usa. The budget also addresses minimum wage rates beyond 2026. Millions of workers nationwide could be in line for a pay hike next year, with half of u.s.
Under the default policy based on the raise the wage act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027, $15.50 in 2028,. Another argument is that a higher minimum wage will increase prices that the consumer will have to pay for products and services.