minimum wage

Will the Minimum Wage Increase?

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President Obama has proposed raising the 2013 federal minimum wage to $9, from the current hourly minimum of $7.25.  The current minimum-wage, last raised in July 2009, equals an annual income of about $15,000. Even though many states may have higher minimum wage rates than federal standards (the higher rate applies), millions of American workers would see a […]

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2012 vs 2011 Federal and State Minimum Wage Rates

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[Updated for 2012 Rates and Changes] The federal minimum wage rate in 2012 stays at $7.25, or $15,000 on an annualized basis. However 18 states and Washington, D.C., have raised rates above the federal level to keep up with increases in the cost of living (see graphic below). This helps state workers because if federal […]

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