Wednesday, December 02, 2009

Ohio Remain Minimum Wage Stable in 2010

The state minimum wage is always increased according to the economy inflation. Colorado will reduce the state minimum wage from $7.28 per hour to $7.24 per hour effective on January 1, 2010. However, according to the Fair Labor Standards Act, most Colorado employers will be required to pay &7.25 per hour under the federal minimum wage. While the state of Ohio will remain its state minimum wage stable at $7.30 per hour in 2010.

The minimum wage in the Buckeye State is 5 cents higher than the federal minimum wage at $7.25 per hour. Employers who are covered by both the state and federal minimum wage must pay the higher of the two. So in Ohio the employees will be paid the state minimum wage.

In 2010, Ohio tipped minimum wage will still remain at $3.65 per hour. If a tipped employee does not average at least $3.65 per hour over the payroll week, the employer must pay the difference as wages. The Ohio minimum wage applies to employers with more than $267,000 in gross revenue. The Ohio minimum wage is increased each year based on the rate of inflation. According to a memo released by the Ohio Department of Commerce, the rate of inflation declined 0.2 percent from late 2008 to late 2009.

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