Search results
Results From The WOW.Com Content Network
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
The Fair Minimum Wage Act of 2007 is the current federal minimum wage law of the United States. It was signed into law on May 25, 2007 [134] as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The act implemented three increases to the federal minimum wage—from $5.15 an ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [76] [5] By 1950 the minimum wage had risen to 75¢ per hour. [81] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
The federal minimum wage has been stuck at $7.25 since 2009, not even close to the buying power it once brought workers — which peaked all the way back in the 1960s.
Looking ahead: Georgia’s minimum wage has flatlined at $5.15 since 2001, though it was effectively raised in 2009, when the federal minimum wage reached $7.25. An ambitious effort to raise the ...
For almost 15 years, the U.S. federal minimum wage has remained stuck at $7.25 an hour, amounting to $15,080 annually for a full-time, 40-hour week. That's just over the poverty line.
On May 25, 2007, President Bush signed into law a supplemental appropriation bill (H.R. 2206), which contains the Fair Minimum Wage Act of 2007. [67] This provision amended the FLSA to provide for the increase of the federal minimum wage by an incremental plan, culminating in a minimum wage of $7.25 per hour by July 24, 2009.
Workers across 21 states welcomed the new year by seeing their hourly minimum wages rise.. The federal minimum wage is $7.25 an hour, a rate that has remained unchanged since July 2009. During his ...