Minimum Wage Jumps Up To $5.85

By: Associated Press
By: Associated Press

More money today for those making the least. The federal minimum wage today goes up for the first time in ten years, jumping $0.70 to $5.85 an hour.

Colorado's minimum wage is already $1 over the federal level, at $6.85

It's the first of three $0.70 increases that will hike the minimum wage to $7.25 an hour by the summer of 2009.

The government says more than 1.5 million American workers made the old minimum wage of $5.15 cents an hour or less last year.

The increase is one of the few major legislative successes of the new Democratic-controlled Congress. President Bush signed the measure into law after the Democrats removed a provision calling for the withdrawal of U.S. troops from Iraq.

The bill also contains nearly $5 billion worth of tax relief for small businesses to help them hire new workers. The relief will also help offset the cost of the higher wage.

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  • by DM Location: Co Springs on Jul 25, 2007 at 03:03 PM
    David, good luck with that. I doubt that many jobs here will ever reach the "decent living wage" mark. Here's an idea. How about making everyone that is on welfare get random drug testing 2-3 times a year. If you piss positive, you lose your benefits.
  • by David Location: Colorado Springs on Jul 24, 2007 at 04:20 PM
    Wow! I thought it had already gone up earlier in the year when some of the fast food places raised their prices to compensate! At least Colorado is a little bit ahead of the rest of the country on this. Now if only we could get it raised to the point where it's a DECENT LIVING WAGE...
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