Down South, the folks in Georgia get off on making fun of the folks to their west in Alabama. In Alabama, they get back by making fun of the people in the Florida Panhandle. And all of the folks in those states make fun of the people in Mississippi. Should I have even mentioned that Southern tradition? Perhaps not. Now is that Southern tradition fair? Probably not because those Southern states are similar in many respects, especially when it comes to the minimum wage.
Alabama and Mississippi both have no minimum wage, for instance. It seems like an almost impossible fact, that some states exist still that have no minimum wage. But in de facto reality—meaning for all intents and purposes— Mississippi does have a minimum wage for many of its employers, and that’s the federal minimum wage.
As we know, technically, any employer in the state of Mississippi that is beholden to the federal Fair Labor Standards Act must pay the federal minimum wage of $5.15 per hour. These employers include any company that brings in more than $500,000 per year in revenue. The companies are also included if they conduct interstate business, whether that means having offices in more than one state or trading or selling goods in more than one of them. Also, certain other businesses, such as schools, hospitals, and government entities, are also included under the FLSA umbrella.
So that means that all of these employers in Mississippi will be affected when and if the federal minimum wage changes perhaps in the coming weeks or months. There is a good chance that the federal minimum wage bill will pass—I’m keeping you posted on it—and if it does pass and get signed by the President, the federal minimum wage will first go up to $5.85 per hour after 60 days. Then a year later, it will reach $6.55, followed by $7.25 per hour a year later.