Thursday, July 24, 2008

something positive for a change

Federal minimum wage rises to $6.55 today

WASHINGTON - About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices are swallowing it up, and some small businesses will pass the cost of the wage hike to consumers.

The increase, from $5.85 to $6.55 per hour, is the second of three annual increases required by a 2007 law. Next year's boost will bring the federal minimum to $7.25 an hour.


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Of course, bush's economy basically means this is a wash - or even a loss still - for the people that this affects, but at least it is a step in the right direction.