Winter 2007-13 Federal minimum wage increase
Federal minimum wage increase
On January 10, 2007, the United States House of Representatives approved a bill that would increase the federal minimum wage to $7.25 an hour.
The measure, which was under consideration by the Senate at press time, would raise the federal minimum wage floor by $2.10, from its current $5.15 an hour, in three steps over 26 months:
- to $5.85 an hour 60 days after signed into law by the president,
- to $6.55 an hour a year later and
- to $7.25 an hour a year after that.
The federal minimum wage is like a national wage floor, though some people can be paid less under certain circumstances. States of the Union and the Commonwealth of Puerto Rico can set minimum wages above the federal level.
© 2007 Goldman Antonetti & Cordóva, LLC