Minimum Wage Texas 2024 Impact Report

2024

Minimum Wage Texas 2024 Impact Report. 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,. Some states stand out with substantial hikes, adjusting wages to better align with living costs.


Minimum Wage Texas 2024 Impact Report

The positive impacts include increased spending,. The current federal tipped minimum wage sits at $2.13 per hour with a requirement that employees must make at least the federal minimum wage of $7.25 an hour, meaning.

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