Wednesday, May 30, 2007
US Minimum Wage Set to Increase
President Bush signed quietly into law the first increase of the US minimum wage since 1997 on May 25, 2007. Presented to the President as part of the Iraq War Supplemental, the legislation will raise the minimum wage to $7.25 per hour over two years.
The minimum hourly rate will rise to $5.85 an hour effective July 24, 2007 (60 days after the bill's signing). A year later, the minimum wage increases to $6.55 an hour, and in July 2009 will reach the final $7.25.
The minimum hourly rate will rise to $5.85 an hour effective July 24, 2007 (60 days after the bill's signing). A year later, the minimum wage increases to $6.55 an hour, and in July 2009 will reach the final $7.25.
Labels: minimum wage rises
