Dr. Davis

    Federal Minimum Wage

    Friday, June 27, 2008, 01:42 PM EST [General]

    Federal Minimum Wage

    Previous Federal Minimum Wage:

    $5.15

    New Federal Minimum Wage:

    $5.85 - July 24th, 2007
    $6.55 - July 24th, 2008
    $7.25 - July 24th, 2009

    State Minimum Wage

    Note: The rates below are for general informational purposes only and should not be used as legal or professional advice. Please contact your local state agency for more information regarding your State Minimum Wage.

    The rates below are for the July 2008 increase.
    State Minimum Wage State Minimum Wage
      $5.85
      $7.15
      $6.90
      $6.25
      $8.00
      $7.02
      $7.65
      $7.15
      $7.55

      $6.79
      $6.55
      $7.25
      $6.55
      $7.75
      $6.55
      $7.25
      $5.85
      $6.55
      $6.55
      $7.00
      $6.55
      $8.00
      $7.40
      $5.25
      $5.85
      $6.65
      $6.55
      $6.55
      $6.33
      $6.50
      $7.15
      $6.50
      $7.15
      $6.55
      $6.55
      $7.00
      $6.55
      $7.95
      $7.15
      $7.40
      $6.55
      $6.55
      $5.85
      $6.55
      $6.55
      $7.68
      $6.55
      $8.07
      $7.25
      $6.50
      $6.55


     

    *$5.25 rate are for companies w/less than $625,000 gross annual volume of sales or business. Business with more than $625,000 gross annual volume of sales or business will have a minimum wage rate of $6.15.
    **$6.33 rate are for businesses that do not offer health insurance coverage to employees and $5.30 for businesses that offer health insurance.
    ***$6.65 rate are for businesses that employ less than 10 full-time employees.

    Future State Increases:

    Arizona - Will increase annually to adjust to inflation
    Colorado - Will increase annually to adjust to inflation
    Florida - Will increase annually to adjust to inflation
    Illinois - $7.75 per hour effective July, 2008, $8.00 per hour effective July 2009, and $8.25 per hour effective July 2010
    Mass. - $8.00 per hour effective January 2008
    Michigan - $7.40 per hour effective July 2008
    Montana - Will increase annually to adjust to inflation
    Pennsylvania - $7.15 per hour effective July 2007. *Employers with less than 10 employees are subject to a minimum wage rate of $6.65 per hour effective July 2007 and $7.15 per hour effective July 2008.
    Washington - Will increase annually to adjust to inflation
    West Virginia - $7.25 per hour effective July 2008


    source: http://www.laborlawcenter.com

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