State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
January 10, 2007
House to Vote on Minimum Wage Increase

The U.S. House of Representatives is set to vote today on legislation that would raise the minimum wage from $5.15 per hour to $7.25 per hour in three steps over a period of 26 months.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Under the proposed legislation, the minimum wage would increase to $5.85 an hour effective on the 60th day after the date of enactment of the bill. The minimum wage would increase to $6.55 an hour 12 months after the first increase became effective. In the third step, the minimum wage would rise to $7.25 per hour beginning 24 months after the first increase became effective.

Business groups oppose an increase to the minimum wage, arguing that it would be especially burdensome on small businesses.

President Bush has said that he would support increasing the minimum wage as long as the legislation is packaged with tax and regulatory breaks for small businesses. The legislation set for a vote in the House isn't tied to any tax breaks.

Twenty-nine states have approved minimum wages above $5.15 an hour, including ten that have tied future increases to inflation. However, many of the current state minimums would fall somewhere in between the first and third steps of the proposed federal minimum wage. In the case of conflicting minimum wage levels, the federal or state law that is more generous to employees takes precedence.

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Minimum-Wage/House-to-Vote-on-Minimum-Wage-Increase/