Archive for Friday, May 25, 2007
Congress approves minimum wage increase
May 25, 2007
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Washington, D.C. — With little fanfare, Congress on Thursday approved the first increase in the federal minimum wage in nearly a decade, voting to boost wages for America's lowest-paid workers from $5.15 to $7.25 an hour during the next two years.
The bill, which a spokesman for President Bush said he would sign, would end the longest stretch without an increase in the federal minimum wage since it was established in 1938. It would also mark a victory for congressional Democrats, becoming the first item to be enacted from an eight-point agenda that House leaders vowed to pursue during their first 100 hours in power.
During the past decade, inflation has depleted the value of the minimum wage to its lowest level in more than 50 years. Thirty states and the District of Columbia have set higher minimum wages.
More like this
- Democrats aim to raise minimum wage 3 comments / November 19, 2006
- Senate votes to raise minimum wage to $7.25 1 comment / February 2, 2007
- Minimum wage may get boost December 23, 2006
- Kansas House rejects minimum wage increase 40 comments / February 21, 2007
- Minimum wage increases today 11 comments / July 24, 2007
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