Friday, May 25, 2007

End is Near for the Longest Stretch Without Increase to Minimum Wage was Established in 1938

How can a person live making only $10,700 a year? That's what a person would make if he worked 40 hours per week at the current minimum wage of $5.15. The increase to $7.25 would bring an annual salary to $15,000.

"The full increase, according to Miller, is enough to pay for 15 months of groceries for a family of three.The Economic Policy Institute, a research group in Washington, estimates that 5.6 million workers — or 4 percent of the work force — currently earn less than $7.25."


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