Minimum Wage 2024 Texas Impact. As 2024 unfolds, changes to the business climate are already underway as nearly half of the us adjusts to minimum wage increases. Instead, texas adopts the federal minimum wage rate by reference, meaning that the minimum wage in texas is currently set at the federal level of $7.25 per hour.
The new rule raises the salary basis threshold for executive, administrative, professional and computer professional exempt employees from $684 per week ($35,568 per year) to $844 per week ($43,888 per. Following direction from president joe biden for federal agencies to implement a $15 an hour minimum wage, nearly 7,000 texans will be affected by the.