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Federal minimum wage takes another jump on July 24

by on
in Compensation and Benefits,Human Resources

On July 24, the federal minimum wage will take the second step in its three-step increase. The wage floor will rise from its current $5.85 per hour to $6.55 per hour. It will rise again to $7.25 per hour beginning July 24, 2009.

More than half the states have set their own minimums, which can be found at www.dol.gov/esa/minwage/america.htm.

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