Tuesday, July 21, 2009


WASHINGTON — The final installment of a three-part increase in the federal minimum wage is proving to be the most controversial.

Two previous wage increases, one in 2007, the other in 2008, pushed the federal wage to $5.85 and then to the current $6.55 an hour. The third, which goes into effect Friday [July 24, 2009], will push it to $7.25 an hour.

That's not a life-changing raise — an extra $28 a week for a fulltime worker earning the federal minimum. By Tony Pugh McClatchy Newspapers
All the conservative hand-wringing over the latest increase in the federal minimum wage but not a wit of concern over the mega-billions in bonuses for the Wall Street mountebanks that embezzled over 40% of America's wealth. The new minimum wage amounts to $290 a week or $14,500 a year - poverty level by anyone's standards.


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