- Higher minimum wage coming soon, By Aaron Smith, July 7, 2009, CNNMoney.com: “The federal minimum wage is set to increase later this month as the job market shows signs of further decay. The federal minimum wage will go to $7.25 an hour on July 24 from its current level of $6.55, according to the U.S. Department of Labor. The impact will be felt in 29 states, and many of them plan to match the federal minimum when it goes through…”
- Minimum-wage increase comes at a bad time for weakened job market, By Kris Maher, July 6, 2009, Wall Street Journal: “The federal minimum wage goes up this month just as job losses are sending new alarms about the economy, giving traction to perennial fears that higher wages will hurt job creation. In the past, minimum-wage increases have done little to dent job creation. And pouring more money into people’s pockets — especially low-wage workers who are likely to spend the increase to meet living costs — would normally boost the economy. But these aren’t normal times…”
