New Federal Minimum Wage And The Federal Work-Study Program

On May 25, President Bush signed into law an amended section of the Fair Labor Standards increasing the Federal minimum wage in three steps. The current $5.15 minimum wage will be increased to $5.85 effective July 24, 2007, to $6.55 an hour effective July 24, 2008, and to $7.25 an hour effective July 24, 2009.…
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