Minimum Wage In Texas 2024 Challenges. — initially, effective july 1, 2024, the minimum salary for exemption will increase from the current $684 per week ($35,568 per year) to $844 per week ($43,888. — under the default policy based on the raise the wage act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027,.
— the new rule raises the salary basis threshold for executive, administrative, professional and computer professional exempt employees from $684 per week. The 2024 dol rule will, on july 1, 2024, raise the minimum weekly salary to qualify for the eap.
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