What was the minimum wage 2008?
History of California Minimum Wage
| Effective Date | New Minimum Wage | Old Minimum Wage |
|---|---|---|
| July 1, 2014 | $9.00 | $8.00 |
| January 1, 2008 | $8.00 | $7.50 |
| January 1, 2007 | $7.50 | $6.75 |
| January 1, 2002 | $6.75 | $6.25 |
Why did Henry Ford pay his workers a high minimum wage?
Ford’s idea for increasing the wage of his workers was successful . He was trying to seek out more long-term employees so he would have a more professional and dedicated workforce. Since he raised the wage he had some of the best production numbers ever heard of.
Did Henry Ford create minimum wage?
What Happened: On this day in 1914, Henry Ford raised the minimum wage for his factory workers to $5 per day.
What was the national minimum wage in 2007?
National Minimum Wage: previous rates
| Date | Main Rate (Age 22+) | Age 16-17 Rate |
|---|---|---|
| 1 Oct 2006 | £5.35 | £3.30 |
| 1 Oct 2007 | £5.52 | £3.40 |
| 1 Oct 2008 | £5.73 | £3.53 |
| 1 Oct 2009 | £5.80 | £3.57 |
What was minimum wage 2009?
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 | 1966 and Subsequent Amendments 3 |
|---|---|---|
| Jul 24, 2008 | $6.55 for all covered, nonexempt workers | $6.55 for all covered, nonexempt workers |
| Jul 24, 2009 | $7.25 for all covered, nonexempt workers | $7.25 for all covered, nonexempt workers |
Did Henry Ford pay his workers $5 a day?
In 1914, Henry Ford took the radical step of paying workers $5 per day for a 40-hour work week; he called this compensation “profit-sharing.” Ford’s turnover problem disappeared. In addition, Ford workers could buy the cars they produced, benefitting the company.
What was the minimum wage in 2009?
$7.25
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 | 1966 and Subsequent Amendments 3 |
|---|---|---|
| Jul 24, 2008 | $6.55 for all covered, nonexempt workers | $6.55 for all covered, nonexempt workers |
| Jul 24, 2009 | $7.25 for all covered, nonexempt workers | $7.25 for all covered, nonexempt workers |
What was the federal minimum wage in 1980?
The federal minimum wage in 1980 was $3.10 per hour. It is now $7.25 an hour. That same $7.25 today has the spending power that $2.58 had back in 1980. The inflation rate over that period was about 3.51%.
When did the minimum wage go up to$ 7.25?
The minimum wage went up from $6.55 to $7.25 per hour in July 2009 (source: U.S. Department of Labor). The measure affects 29 states while other states already have an equal or superior minimum wage (note that employers are required to pay whichever is the highest: Federal or State).
How many people make less than the federal minimum wage?
In 2019, 1.6 million Americans made at or below the federal minimum wage—about 1% of workers, and less than 2% of those paid by the hour. Less than half worked full-time, almost half were aged 16–25; and more than 60% worked in the leisure and hospitality industry, with many of those receiving tips in addition to their hourly wage.
What’s the minimum wage in the state of Washington?
Minimum wage by U.S. state, Washington, D.C., and territory versus the federal rate of $7.25 per hour as of July 1, 2019