State Minimum Wage Rate for Georgia
STTMINWGGA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
40.78%
Date Range
1/1/1972 - 1/1/2023
Summary
The State Minimum Wage Rate for Georgia measures the minimum hourly wage that employers in Georgia must pay their workers. This metric is important for economists and policymakers to assess the impact of minimum wage policies on employment, prices, and income distribution.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Minimum Wage Rate for Georgia represents the lowest legal hourly pay that can be offered to workers in the state. It is a key indicator used to analyze the effects of minimum wage changes on the labor market, consumer spending, and overall economic conditions.
Methodology
The data is collected through surveys of employers and enforcement by the U.S. Department of Labor.
Historical Context
Minimum wage levels are a subject of ongoing policy debates, with implications for workforce participation, business costs, and standards of living.
Key Facts
- Georgia's minimum wage is currently $5.15 per hour.
- The federal minimum wage is $7.25 per hour, which overrides the lower state minimum.
- Minimum wage adjustments are an active policy issue in many U.S. states.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Georgia measures the lowest legal hourly wage that employers in the state must pay their workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the economic and policy impacts of minimum wage levels on employment, consumer spending, and income distribution.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and enforcement by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: Minimum wage levels are a subject of ongoing policy debates, with implications for workforce participation, business costs, and standards of living.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be lags in reporting due to the survey-based collection process.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Georgia (STTMINWGGA), retrieved from FRED.