Average salary in usa 2021
The minimum remuneration, minimum wage or minimum salary, is the minimum amount of money paid to a worker in a given country and through an officially established law, for a given work period (hour, day or month), that employers must pay their workers for their labor.
The minimum wage, in real terms, is susceptible to the exchange rate, because during currency devaluations wages lose purchasing power, and inflation. Many times, increases in the minimum wage seek to reestablish the same purchasing power that existed before a devaluation or inflationary period.
First of all, it is worth clarifying that there is significant diversity in the scope, incidence and levels of minimum wages between countries, although the target population is usually the same. They tend to be low-skilled workers, mostly young people and women, part-time workers or employees in the commerce, restaurant and hotel sectors.
How much they pay per hour in the united states 2021
“For the first time since the end of the 1990s, low-wage employees have some leverage to demand better pay,” explains David Cooper, an economist at the Economic Policy Institute (EPI), a U.S. think tank.
One of the consequences is that sectors such as the food industry are having to limit their opening hours despite the massive return of customers. To attract candidates, more and more employers are offering wage increases and social benefits.
CVS pharmacies last week joined the list of large companies – Amazon, Target, Chipotle, etc. – that have decided to pay $15 per hour. Although their workers will have to wait until July 2022 for it to become effective.
Retail giant Walmart announced in late July that it would pay the full school fees of some of its U.S. workers, in the latest effort by the nation’s largest private employer to attract or retain wage earners in the face of a competitor, Costco, which pays better.
How much do they pay in the U.S. per hour of work?
But the minimum wage actually differs across the country. Some states have a much higher minimum wage than others, and some cities are even higher than the rest of their states. The highest minimum wage is $15 in Washington.
The wage went up in 20 states on January 1. California has the highest state minimum wage of US$ 14 per hour for companies employing 26 or more people, but San Francisco and other cities in the state have higher wages, as does New York. Seattle and others.
The federal poverty level in 2021 is $12,880. Therefore, a single person working full-time and earning minimum wage is technically above the poverty level. However, if the person has one dependent and earns minimum wage, he or she falls below the federal poverty level of $17,420.
It also takes into consideration different family scenarios, such as one adult with one or more children and two adults with one or both working, and is invariably higher than even the $15 minimum wage.
How much do they pay per hour in the United States in the field?
In the United States, the federal government sets the amount of the minimum wage, as well as the categories of workers who may be paid less than the minimum wage. In addition, states, cities and counties can require companies operating in their territories to pay a higher minimum wage than the federal minimum wage.
The company is required to pay its workers the highest applicable minimum wage. For example, if operating in a city with a minimum wage of $15.00/hour in a state that sets a base wage of $12.00/hour, the company must pay the one set by the city ordinances, because it is higher.
The federal government sets the minimum hourly wage, as well as its exceptions (tipped workers, apprentices, etc.)29 states have established a minimum wage that is higher than the federal minimum wage and that applies mandatorily within their territories.44 Cities and counties have raised the minimum wages that apply in their territories above the minimum wages set by the federal government and their states.