Update - Increase In Federal Minimum Wage

The United States Department of Labor has just announced that, effective July 24, 2007, the Federal minimum wage for covered non-exempt employees will be $5.85 per hour. The minimum wage increases to $6.55 per hour effective July 24, 2008 and to $7.25 per hour effective July 24, 2009.

For those in States having a higher minimum wage than the Federal equivalent, the higher of the two wages is the one that is paid generally. For State-specific information, you may wish to contact your State Department of Labor.

Hope everyone had a great 4th!