Friday, July 24, 2009

Minimum Wage Raise Takes Effect

Workers earning minimum wage are getting a raise today.

Both Wisconsin and the federal minimum wage are now at $7.25 an hour. The minimum wage in the state had been $5.90 an hour. The minimum wage for tipped employees goes up 20 cents from $2.13 to $2.33 an hour.

Backers of the increase say it's long overdue for millions of the nation's working poor, but some economists say the increase could prolong the recession by forcing small businesses to lay off the same workers that the pay hike was meant to help.

Minimum-wage advocates counter the wage bump will keep more working poor afloat, and say more increases are needed to help stimulate consumer spending and strengthen businesses in the long run.

source....

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