Thursday, July 24, 2008

Federal Minimum Wage Increases to $6.55

Millions of workers get a raise as the federal minimum wage reaches $6.55 per hour as of today.

This increase is the second of three provided by the enactment of the Fair Minimum Wage Act of 2007. A third minimum wage increase to $7.25 an hour will become effective on July 24, 2009.

Last year, on July 24, the minimum wage increased to $5.85 an hour.

The minimum wage law is pretty much all Congress accomplished in the past two years under Democratic Party control.

And thanks to the Democrats' continued blocking of oil drilling measures, the price of gas has risen to $4 a gallon, erasing any benefit from the minimum wage law.

Remember, Nancy Pelosi giveth, Nancy Pelosi taketh away.

And the Democrats are supposed to be the party of the working man? I think that ended with Henry Fonda back in the 1940s.

Federal Minimum Wage to Increase to $6.55 on July 24

No comments: