Friday, August 08, 2008

Federal Minimum Wage Increase

As of July 24th, the minimum wage has been raised to $6.55. The Fair Minimum Wage Act of 2007 required three minimum wage hikes over a three-year period, with the final increase going into effect July 24th, 2009. This summer also marks the 70th anniversary of the Fair Labor Standards Act.

History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938 - 2007

Minimum Wage Laws in Individual States

1 comment:

Roger Green said...

Of course, the NYS minimum wage is $7.15, and in this case, state law superceds the federal: http://www.dol.gov/esa/minwage/america.htm#NewYork