Minimum Wage In Ohio 2024 Per Hour Cost. Ohio’s minimum wage will increase to $10.45 an hour, and to $5.25 for tipped employees beginning jan. The state of ohio increased its minimum wage on jan.
There may be some drawbacks, but increasing ohio’s minimum wage to $15 an hour would save 4,000 lives and create a $25 billion benefit to the state economy by 2036, according to a study released last month by scioto analysis. However, some ohio businesses may be covered by exemptions to the ohio minimum wage and can pay the federal minimum wage.
The Minimum Wage In Ohio Is The Lowest Hourly Rate That An Employer Is Legally Required To Pay Their Employees.
Minimum wage in ohio will increase by 35 cents to $10.45 per hour starting january 1, 2024.
Under Ohio State Minimum Wage Law, Ohio Minimum Wage For 2024 Is $10.45 Per Hour For Most Employees At Businesses With Annual Gross Receipts Of More Than $385,000 Per Year After Jan.
Ohio senators have proposed a law increasing the minimum wage as an alternative to a proposed amendment supporters are trying to get on the november ballot.
Minimum Wage In Ohio 2024 Per Hour Cost Images References :
In Both Cases, Their Minimum Wage Is Tied To The Federal Minimum Wage.
Graph and download economic data for state minimum wage rate for ohio (sttminwgoh) from 1968 to 2024 about minimum wage, oh, wages, rate, and usa.
Ohio Minimum Wage In 2024.
My colleague, bailey williams, will testify (or has testified) to the merits of a refundable eitc.