Buried deep in an article on CBS’s economic website, it seems that Congress is trying raise the minimum wage nationwide.
The bill calls for the minimum wage to rise to $7.25 an hour from $5.15
an hour, an increase that would be phased in over the next three years. [Read the rest]
Obviously, this hasn’t passed through the Senate yet… but raising the wages of our lowest paid employed persons out there is good news. It’s kind of sick to think that someone could work 40 hours per week at Wal*Mart and bring home less than $200 after taxes. This would take that 40 hour take home pay to about $250.
Postscript: This doesn’t mean our babysitters will be getting a raise. In fact… we didn’t know we could pay so little!
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