Approximately 2 million Americans will get a raise today as the federal minimum wage increases 70 cents, from $5.85 to $6.55 an hour. 

The increase is the second of three annual raises required in a 2007 law passed by Congress.  Next year, the minimum wage will rise to $7.25 an hour.

This entry was posted on Thursday, July 24th, 2008 at 7:01 am and is filed under Employment Law News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.