The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime, record keeping, and child labor. The legislation would raise Virginia’s minimum wage from $7.25 to $9.50 an hour on Jan. 1 and increase it gradually to $12 an hour in 2023. On April 22, 2020, during a special legislative session, the Virginia General Assembly voted to … In other parts of the state, the rate will go to $12.50, up from $11.80. 2020 Rates: Effective July 1, 2020, the maximum compensation rate will be $1,137. However, some states, cities, and counties have a higher minimum wage rate. The increases take effect on Dec. 31. The minimum wage has been pegged by federal law at $7.25 since 2009 — which, adjusted for inflation since then, would need to be $8.82 to represent the same purchasing power. For tipped employees, the minimum wage standards allow a 70% credit against the West Virginia minimum wage requirement. The state-wide minimum wage for Virginia is $7.25 per hour as of July 01, 2018.. View all Virginia minimum wage values New York City has a $15 an hour minimum wage. Virginia employers will need to comply with a new Virginia minimum wage increase to $9.50 an hour starting May 1, 2021. This is the Virginia Workers’ Compensation Commission chronological compensation benefits chart. When the state, city or county minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount. 2. Although delayed in its implementation because of the coronavirus, HB 395 and SB 7 will raise the minimum wage in Virginia to $9.50 per hour beginning May 1, … Meaning that employees can pay their workers a minimum cash wage of $2.62 per hour as long as the tips equal the $8.75 minimum wage. Virginia Minimum Wage Act » § 40.1-28.10. The minimum wage for New York City will be $15.00 for all businesses. Next month, 24 states and Washington, D.C., are set to increase their minimum wage. Then, the General Assembly will have to … Range Occupations (effective December 15, 2020) The minimum wage in Virginia will increase to $9.50 per hour on May 1, 2021. Virginia House lawmakers advanced a bill that would raise the minimum wage from $7.25 per hour to $9 per hour in 2020. Initially the minimum wage increase was planned for January 1, 2021, but Governor Northam delayed the increase as a result of the COVID-19 pandemic. ***** The increased New York State minimum wage is effective 12/31/2020. Both would raise the minimum wage to … It will then be $15 per hour for workers whose employment is covered by the federal Fair Labor Standards Act (FLSA) and to public employees. After that study is complete, lawmakers would vote in 2024 whether to continue increasing the wage to $13.50 in 2025 and $15 in 2026. The new bill allows Virginia's minimum wage to increase every year until it reaches $15 an hour by 2026. By 2022, the wage would be raised $13. Virginia also has laws … The measure heads to the desk of Gov. Business groups say increasing wages during the pandemic could … The bill would hike Virginia's minimum wage from its current federal minimum rate of $7.25 an hour to $9 per hour as of July 1, 2020. Minimum wage. The General Assembly approved Governor Northam’s amended version of the legislation on April 22, 2020. Virginia’s state minimum wage is set to increase to $9.50 on May 1, 2021, and will gradually increase each year, until it reaches $15 starting January 1, 2026. It will then rise to $11.00 per hour on January 1, 2022, before increasing to $12.00 per hour as of January 1, 2023. 2. Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour. Five states have not adopted a state minimum wage: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. Twenty-one states began 2020 with higher minimum wages. The first increase in over 11 years will take effect in January 2021 During the 2020 session, the General Assembly adopted new legislation to increase Virginia’s minimum wage. The increases will be in 24 states and 48 cities and counties, according to the advocacy group National Employment Law Project. For all other occupations, the wage offered and paid must equal or exceed the hourly AEWR, the prevailing wage rate (if available), the Federal minimum wage, the State minimum wage, or the agreed-upon collective bargaining rate, whichever is highest. The law won't go into effect until May 1, 2021. In 2020, the Virginia legislature is likely to join the liberal bastions of California and Massachusetts in imposing a $15 minimum wage. The bill would increase the wage to $9.50 an hour on Jan. 1, $11 in 2022 and $12 in 2023. 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