Tennessee Minimum Wage Increase 2025. How Much These 12 States Will Increase Their Minimum Wage By in 2023 The 2025 Tennessee state minimum wage rate is $7.25 per hour Will the federal minimum wage increase beyond 2025? There are no plans to increase the federal minimum wage, something that would have to be approved by Congress
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This bill establishes an hourly minimum wage in Tennessee, which will be the greater of the federal minimum wage or a phased-in amount, as follows: (1) On and after January 1, 2022, $9.25 an hour; (2) On and after January 1, 2023, $10.00 an hour; (3) On and after January 1, 2024, $11.00 an hour; and (4) On and after January 1, 2025, $12.00 an hour. The table below lists the current prevailing 2025 minimum wage rates for every state in the United States
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Will the federal minimum wage increase beyond 2025? There are no plans to increase the federal minimum wage, something that would have to be approved by Congress • For purposes of this analysis, such wage rates are assumed to equal the minimum wage • The following table shows the increase in minimum wage and the total estimated increase in income for affected individuals: Workers Current Wage New Wage Wage Increase Hours Worked Total Increase 31,000 $7.25 $20.00 $12.75 51,088,000 $651,372,000
Minimum Wage Increase Chart. Both Tennessee and the federal government have set a legal minimum. This bill establishes an hourly minimum wage in Tennessee, which will be the greater of the federal minimum wage or a phased-in amount, as follows: (1) On and after January 1, 2022, $9.25 an hour; (2) On and after January 1, 2023, $10.00 an hour; (3) On and after January 1, 2024, $11.00 an hour; and (4) On and after January 1, 2025, $12.00 an hour.
Bill would raise Tennessee minimum wage to 20 YouTube. The table below lists the current prevailing 2025 minimum wage rates for every state in the United States The bill sought a gradual Tennessee minimum wage increase to $15 from the current $7.25 per hour