Minimum Wage

The minimum wage that may be paid employees by law. This is set by the U.S. Congress by amendment to the Fair Labor Standards Act, codified at Title 29, United States Code, Section 206(a)(1), and applies to businesses covered by the Act. In addition, many states set their own minimum wage. As of 2002, the Federal Minimum Wage is $5.15 per hour. It is subject to change by Congress at any time. Furthermore, the individual states may also set their minimum wage above the federal standard, for example, as of 2002, California is $6.75 per hour.