Minimum Wage Increase

Posted on July 20, 2009 by Tom Crane

 The federal minimum wage will rise from the current $6.55 per hour to 7.25 per hour, effective July 24, 2009.  This will be the final minimum wage increase under the law passed in 2007, the Fair Minimum Wage Act of 2007.  This increase applies, of course, to exempt employees.  See the Fair Labor Standards Act for more information. 

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