Minimum Wage Texas 2024 Impact On Economy. Despite its robust economic output,. 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,.

Here’s a breakdown of their key points: The overall impact of the minimum wage on the houston economy is mixed.