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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