Monday, January 2, 2012

States Raise Minimum Wage for 2012


According to Bankrate.com, 8 states have raised their minimum wage. These states include Florida, Arizona, Colorado, Montana, Ohio, Oregon, Washington, and Vermont. The Economic Policy Institute estimates that these raises will increase GDP by $366 million. The federal minimum wage is $7.25 per hour or just over $15,000 annually. The elevated wages will amount to approximately $15 extra income per week.

During this economic climate, do you think these increases are sufficient?

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