State Minimum Wage Rate for Kansas
This dataset tracks state minimum wage rate for kansas over time.
Latest Value
7.25
Year-over-Year Change
0.00%
Date Range
1/1/1979 - 1/1/2025
Summary
The State Minimum Wage Rate for Kansas tracks the minimum hourly wage set by the state government. This metric is important for monitoring labor market conditions and assessing the impacts of minimum wage policies.
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 Kansas represents the minimum hourly pay that employers in the state must provide to their workers. This benchmark is a key labor market indicator used by economists, policymakers, and businesses to understand trends in worker compensation and the potential effects of minimum wage changes.
Methodology
The data is collected directly from the Kansas state government's labor regulations.
Historical Context
Minimum wage rates are a focal point for economic and political debates around worker protections, business costs, and income inequality.
Key Facts
- Kansas's minimum wage is currently $7.25 per hour.
- The state minimum wage has remained unchanged since 2009.
- Over 60,000 Kansas workers are paid at or below the minimum wage.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Kansas tracks the minimum hourly pay that employers in the state must legally provide to their workers.
Q: Why is this trend relevant for users or analysts?
A: The minimum wage is a critical labor market indicator used to assess worker compensation, business costs, and the potential effects of wage policy changes.
Q: How is this data collected or calculated?
A: The data is collected directly from the Kansas state government's official labor regulations.
Q: How is this trend used in economic policy?
A: Minimum wage rates are a key focus for economic and political debates around worker protections, business costs, and income inequality.
Q: Are there update delays or limitations?
A: The data is updated on an ongoing basis as changes to the Kansas minimum wage are implemented.
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Citation
U.S. Federal Reserve, State Minimum Wage Rate for Kansas (STTMINWGKS), retrieved from FRED.