I heard that the federal minimum wage would increase from $5.15 to $5.85 two months after the president signed the bill. Did he sign it yet? When will the minimum wage increase?
2007-06-21 07:24:06 · 8 answers · asked by oriolesfan2323 4 in Politics & Government ➔ Other - Politics & Government
I am 17 so almost all jobs I would get are low paying. My current job sucks; it pays $6/hour. But, I do get tips, so it's not too bad.
2007-06-21 07:31:13 · update #1
It goes into effect July 24th and it'll go up to $7.25 in 2009.
Go O's :)
2007-06-21 07:28:20 · answer #1 · answered by shelly 4 · 0⤊ 0⤋
Federal Minimum Wage Increases by $2.10!
President Bush has signed a bill that increased the Federal Minimum Wage rate. The increase is the first ever since 1997! In approximately 60 days, the new rate will take effect and employers must comply. States that are operating under the current Federal Minimum Wage of $5.15 will soon need to comply with the new rate. Although many states are currently operating under a State Minimum Wage that is already higher than the Federal Minimum Wage, they still must post the new notice reflecting the new rate.
3 step increase is scheduled as follows:
$5.85 - Summer of 2007
$6.55 - Summer of 2008
$7.25 - Summer of 2009
2007-06-21 14:28:06 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Don't start cheering yet because when the min. wage increases so does the spending of all who pay those employees so expect to see the prices of almost ALL products increase as well so as to balance the extra funds being sucked from their profits. And believe me the american business man will look in any way to cut his losses so even if the price doesn't increase they can always afford to just cut a few jobs off the bottom!
Cost to employ increases so prices are upped or jobs dropped.
2007-06-21 14:41:42 · answer #3 · answered by ixnay_on_the_floyd 3 · 1⤊ 0⤋
If we compared the 1967 federal minimum wage in todays dollars, it would be $ 9.70 per hour. Mighty big of politicians to give the poorest americans a raise. First one in 10 years.
2007-06-21 14:38:31 · answer #4 · answered by spookytooth 3 · 0⤊ 1⤋
There are so very few American's working for minimum wage, does it matter? Most Americans make a lot more then that.
2007-06-21 14:28:52 · answer #5 · answered by mustagme 7 · 1⤊ 3⤋
How about you make yourself worth more than that and not have to think about it anymore. Stop expecting the government to artificially prop up your value.
2007-06-21 14:28:07 · answer #6 · answered by gcbtrading 7 · 2⤊ 3⤋
It's pathetic if that's all you aspire to........minimum wage...........
2007-06-21 14:32:18 · answer #7 · answered by Anonymous · 1⤊ 2⤋
DAMN!!! all i have to say is thank god i live in california..lmao
2007-06-21 14:32:23 · answer #8 · answered by Anonymous · 0⤊ 1⤋