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NEWS ABOUT: minimum wage

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Minimum Wage Rises Today

Federal law mandates 70-cent hike to $5.85, calls for boosts next year and in 2009

(Newser) - After being frozen for a decade, the federal minimum wage jumps today from $5.15 to $5.85 an hour. It rises to $6.55 a year from today and to $7.25 when the hike is completed in 2009. The change affects only the 20 states that haven't already... More »

Congress Hikes Minimum Wage

National minimum goes to $7.25 by 2009, small business gets tax breaks

(Newser) - Congress has raised the national minimum wage for the first time in 10 years, from $5.15 to $7.25 per hour. The hike, part of a compromise between the White House and Congress over Iraq funding, will take effect in three stages over the next two years. It will... More »

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