Starting in the new year, Ohio has raised its minimum wage from $9.30/hr to $10.10/hr. Tipped employees’ wages have gone from $4.65/hr to $5.05hr. However, federal minimum wage still remains at $7.25, and has stayed this way since 2009 – tipped wage being $2.13.
This minimum wage increase will only apply to businesses with an annual gross of $372,000 or more per year. Therefore, employees of these businesses may still make as little as $7.25/hr, or $2.13 for tipped employees. Additionally, this increase does not apply to employees who are 14 or 15 years of age.
Minimum wage was created in part by the Fair Labor Standards Act of 1938, to protect workers, stimulate the economy, and provide more than a bare minimum standard of living.
As of 2022, the living wage in Ohio for a single, childless adult is $15.61/hr for a 40 hour work week, with the average rent being $825.
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