Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts

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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