Quick Answer: What Is The Lowest Paying State?

What is a living wage in the US 2020?

The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018.

The minimum wage does not provide a living wage for most American families..

Is Target paying $15 an hour?

All of Target’s hourly employees will make at least $15 an hour starting July 5. Employees will also receive a one-time bonus of $200 to recognize their work during the coronavirus pandemic. The retailer had previously pledged to raise its minimum wage to $15 by the end of 2020.

What is the hourly wage in China?

In 2020, the minimum hourly wage in Beijing was the highest in China at 24 yuan per hour….Minimum wage per hour in China as of March 2020, by region (in yuan per hour)Minimum levelMaximum levelShanghai2222Tianjin20.820.8Guangdong1420.310 more rows•Aug 31, 2020

What is minimum wage in New York?

The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least $12.50 an hour beginning December 31, 2020. Minimum wage rates differ based on industry and region. Rates will increase each year until they reach $15.00 per hour.

What is the lowest salary in USA?

While the federal minimum wage is $7.25, most states and many cities have higher minimum wages resulting in almost 90% of U.S. minimum wage workers earning more than $7.25. The effective nationwide minimum wage, the wage that the average minimum wage worker earns, is $11.80 as of May 2019.

What states have a $15 an hour minimum wage?

Several cities and states have already raised their minimum wages to $15, including California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey and New York.

What job makes the most money?

Here are the top 25 best-paying jobs of 2020, according to U.S. News & World Report.Lawyer.Sales manager. … Business operations manager. … Pharmacist. … Financial advisor. … Optometrist. Mean salary: $119,980 per year. … Actuary. Mean salary: $116,250 per year. … Political scientist. Mean salary: $115,300 per year. … More items…•

How much does a bank CEO make?

BankExecutiveTotal CompensationBank of AmericaKenneth D. Lewis Chairman and CEO$24.8 millionBank of AmericaJoe L. Price Chief Financial Officer$6.5 millionBank of AmericaAmy Woods Brinkley Global Risk Executive$9.3 millionBank of AmericaBarbara J. Desoer Global Technology and Operations Executive$10.5 million52 more rows

What is the US minimum wage 2020?

$7.25 per hourThe federal minimum wage for covered nonexempt employees is $7.25 per hour. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.

Which states have the lowest wages?

The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.

What is the highest paying state?

Here are the 10 states with the highest average incomes:New Jersey ($114,691)Connecticut ($113,031)Massachusetts ($111,498)Maryland ($111,417)California ($106,916)Hawaii ($103,780)New York ($101,945)Virginia ($101,746)More items…

What is the lowest paying job?

The 25 lowest paying jobs in the USLaundry and dry-cleaning workers.Combined food preparation and serving workers, including fast food.Dishwashers.Dining room and cafeteria attendants and bartender helpers.Food preparation workers.Cashiers.Maids and housekeeping cleaners.More items…•

What states will raise minimum wage in 2020?

Arizona, Colorado and Maine will incrementally increase their minimum wages to $12 an hour by 2020. Washington’s will be increased incrementally to $13.50 an hour by 2020. New York became the second state to pass a new law that would raise the minimum wage in New York City to $15 per hour by the end of 2018.

Is $30 000 a year a good salary?

Assuming 40 hours a week, that equals 2,080 hours in a year. Your annual salary of $32,000 would end up being about $15.38 per hour. … 30k for a 25 year old is an excellent salary, remember that most ‘normal’ working people wont earn 30k in there life.

Is minimum wage going up to $15 an hour?

A 2019 Congressional Budget Office study found that a $15 federal minimum wage would increase pay for 17 million workers who earned less than that and potentially another 10 million workers who earned slightly more. … In many cases, higher minimum wages are rolled out over several years to give businesses time to adapt.