Texas Minimum Wage 2024 Increase. Employers subject to the fair labor standards act must pay the current federal minimum wage of $7.25 per hour. 2024 marks a significant year for minimum wage increases across various states.

The new rule raises the salary basis threshold for executive, administrative, professional and computer professional exempt employees from $684 per week ($35,568 per year) to $844 per week ($43,888 per year) beginning july 1, 2024. The state law excludes from coverage any employment that is subject to the federal fair labor standards act when the federal rate is greater than the state rate.