Your source for the best personal finance tips and news from around the Web.
sign up


The Federal Minimum Wage Increases This Week - Are You Getting a Pay Raise?
 

By Xin LuOn July 24th, 2008, the Federal minimum wage in The United States will increase from $5.85 per hour to $6.55 per hour in accordance to the 2007 amendment to the Fair Labor Standards Act. This is a 70 cent or approximately 12% incre… [more]


  was this post helpful? Thumb Up 0 Thumb Down 0



DISCUSSIONS (2 posts)
Discussion Icon 1

Did you get a 12% pay increase this year? I got a raise, but it nowhere near 12% (though I did get a substantial bonus in March). Given the current economy, though, I'm okay with what I got, knowing that a lot of people I work with did not ge…

Discussion Icon 1

Tomorrow, July 24th, a new federal minimum wage standard goes into effect. Instead of $5.85 per hour, the new rate will be $6.55 per hour. And next year, the federal minimum wage will head up to $7.25 an hour. For some folks, especially those…


Add Your Own Comment:


Blue Ribbon Best Of The Credit Line    
Clicky Web Analytics