Federal minimum wage takes another 70-Cent jump in July—Rising to $6.55 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Federal minimum wage takes another 70-Cent jump in July—Rising to $6.55

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in Compensation and Benefits,Human Resources

On July 24, the federal minimum wage will take the second step in the three-step increase that Congress approved last year. 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 minimum wage. Review an interactive map of all state minimum wage laws at www.dol.gov/esa/minwage/america.htm.

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