Federal Minimum Wage Increases to $7.25 Per Hour Over Next Two Years
Congress passed a bill and presented it to the President today that would increase the Federal minimum wage. The President is expected to sign the bill into law.
Workers subject to the Federal minimum wage now make $5.15 an hour. This amount will increase 70 cents per hour before the end of the summer and another 70 cents will be added next year. By summer 2009, all minimum-wage jobs will pay no less than $7.25 an hour.
This does not affect California employers as the state minimum wage is currently $7.50 per hour and set to increase to $8.00 per hour on January 1, 2008.
