Minimum Wage Scheduled to Increase
May 25, 2007: President Bush signed quietly into law the first increase of the US minimum wage since 1997. 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 federal minimum hourly rate is $5.85 per hour effective July 24, 2007; rising to $6.55 per hour effective July 24, 2008; and to $7.25 per hour effective July 24, 2009.
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