A new federal minimum wage will go into effect today, the first in a series of wage increases heralded by some low-income advocates but criticized by some business leaders as a financial blow.
The change will boost pay for covered, nonexempt employees to $5.85 an hour, from $5.15. The next jump will occur July 24, 2008, to $6.55 and then to $7.25 effective July 24, 2009.
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More From This Author
Previous Story
Next Story
World News
|
Konstantin Toropin, Associated Press
, Lindsay Whitehurst, Associated Press
, Munir Ahmed, Associated Press
•
May 26, 2026
U.S. military says it carried out ‘self-defense’ strikes in Iran, including on missile launch sites
Further details were not immediately available, including more specifics on the threats from Iran and what this means for negotiations.