Gov. Rendell signed legislation last month that increases Pennsylvania's minimum wage by $2 per hour phased in over the next two years, but smaller businesses will have more time before having to pay the higher rates.
Under the new law, Pennsylvania's minimum wage will increase to $6.25 per hour on Jan. 1, 2007, then to $7.15 an hour on July 1, 2007.
That increase will take effect more slowly for small businesses (those with the equivalent of 10 or fewer full-time employees). Small employers will pay $5.65 an hour beginning Jan. 1, 2007 and then $6.65 beginning July 1, 2007. They won't have to pay the full $7.15 per hour until July 1, 2008. (Franchises of larger chains don't qualify for the exemption.)
At the July 9 bill signing, Rendell said the increase will also have the effect of pushing up wages for people who now make $7 to $8 per hour.
The state Department of Labor and Industry says about 423,000 workers in Pennsylvania make between $5.15 and $7.14 an hour, according to an AP report.
Pennsylvania is just the latest state legislature to take action on the minimum wage while Congress turns back Democratic efforts to raise the federal minimum beyond its $5.15 per hour limit. In fact, Pennsylvania is the 22nd state to approve an increase since Congress last raised the federal minimum in 1997.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/1906/prepare-to-comply-with-new-state-minimum-wage-law "