Thursday, August 12, 2010

Minimum wage

The new minimum wage laws were pasted on july 24, 2009 the minimum wage now will be $7.25 per hour.
This change reflects the third and final federal minimum wage increase as amended under the Fair Labor Standards Act (FLSA).

in 1938 the minimum wage was $0.25/hr in 1968 minimum wage was the highest at $10.10.
the period of 1997-207 was the longest non-changing of minimum wage.
The minimum wage increased in three $0.70 increments--to $5.85 in July, 2007, $6.55 in July, 2008, and to $7.25 in July 2009.
the new minimum wage laws are expected to help out the 31 states that were affected by it which include: Alabama, Alaska, Arkansas, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.

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