Job increases in sectors paying higher wages are still needed to improve the regional economy faster than minimum wage jobs.
The Federal Labor Standards Act (FLSA) sets the minimum wage at $7.25, plus overtime pay (as of July 24, 2009). The FLSA does not require severance pay, sick leave, vacation, or holidays. The minimum wage, at a 40-hour workweek equals $290.00 per week ($1,256.66 per month based upon 52 weeks). As of January 1, 2017, 29 states have a higher minimum wage than the FLSA.
On July 1, 2015, the minimum wage for Nevada employees without health benefits increased to $8.25 per hour; $7.25 per hour with health benefits (increases are subject to the federal minimum wage and consumer price index); daily overtime rates remain the same at $10.875 per hour and $12.375 per hour, respectively for more than 8 hours in a 24-hour period. January 1, 2018 minimum wages for surrounding states include: California $11.00; Oregon $10.25; Arizona $10.50; Idaho $7.25; and Utah $7.25.
The Nevada Department of Employment, Training and Rehabilitation reported female earnings in Nevada’s major population areas, including Washoe County, at 75% of males, as of second quarter 2016. According to the Bureau of Labor Statistics report, November 2013, full-time wage and salary worker females in the US in 2012 had median weekly earnings of $691; women made about 81% of the median earnings of male workers ($854). In 1979, the first year for which comparable earnings data are available, women earned 62% of what men earned.
According to the American Community Survey, Nevada men’s median earnings in 2014 estimated $42,294, compared to women’s $35,993; but Nevada women increased their median earnings by $436 over 2013, while men lost $388. For more information about pay gap across professions, view the Wall Street Journal’s interactive graphic. For more information about women in the workplace, visit McKinsey & Company’s annual study.