New federal minimum wage takes effect today
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- July
- 24
Minimum-wage workers in some two dozen states get a raise today, as the new federal minimum wage goes into effect.
As of today, the hourly minimum wage is $6.55 an hour, up from the previous $5.85 that had been in effect since July 24, 2007.
The pay raise won’t affect minimum-wage workers in New York state, however. New York, with a wage floor of $7.15 an hour, is one of about two dozen states that has a higher minimum wage than the federal standard.
That will change next year, however, when the federal standard rises again — to $7.25 an hour — unless state lawmakers move to increase the state’s minimum wage again above the federal standard.
The state’s $7.15 an hour minimum wage is matched by neighboring New Jersey. In Connecticut, however, the rate is $7.65 and will rise to $8.25 an hour by 2010, under recently passed legislation.
This entry was posted
on Thursday, July 24th, 2008 at 10:03 am by David Schepp.
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