Meanwhile, the first minimum wage increase in a decade goes into effect today. The new minimum wage is $5.85 an hour up from $5.15. According to the Economic Policy Institute the change will affect about 13 million workers, or 10 percent of the nation’s workforce. When adjusted for inflation, the minimum wage is still lower than anytime in the last 50 years.
Minimum Wage Increases to $5.85/Hour
HeadlineJul 24, 2007