Wage and Hour: President Signs Federal Minimum Wage Increase Legislation
Just before the Memorial Day weekend, President Bush signed the Fair Minimum Wage Act of 2007 (H.R. 2206) to boost the federal minimum wage to $7.25 per hour in three steps over 26 months. The first increase to $5.85/hour will take effect on July 24, 2007. On July 24, 2008, the rate will increase to […]