The Fair Labor Standards Act (FLSA) establishes a federal minimum wage requirement for all employees in the United States. Currently, the Federal Minimum Wage is $7.25 and applies to all employees employed by:
- Businesses with annual gross revenue of at least $500,000;
- Smaller businesses that are engaged in interstate commerce or production of goods for interstate commerce;
- Individual employees that are employed in jobs where the employee is engaged in interstate commerce;
- Employees of federal, state or local government agencies, hospitals, schools, and domestic workers
However, please note that the State of Florida has its own minimum wage law, which is higher than the Federal Minimum Wage. Currently, the Florida Minimum wage is $8.25 per hour and increases yearly.