Thursday, July 26, 2007

Minimum Wage



At least 850,000 Texans will get a pay raise as the federal minimum wage steps up .

The first step takes effect this week, as the federal minimum hits $5.85 an hour from $5.15 an hour, the level that had been in effect for a decade.

What's the minimum wage in Texas? For entrepreneurs and small business owners with employees, it's important to know whether your state has a minimum wage law. Information on minimum wages can be tough to find so we've done the research for you. Here's the minimum wage for Texas.

Texas adopts the federal minimum wage rate by reference, thus any changes affecting the federal minimum wage automatically becomes the Texas minimum wage for all intended purposes. Based on federal legislation, the federal minimum wage will increase in three stages:
Effective July 24, 2007, the federal minimum wage will increase to $5.85 an hour,
Effective July 24, 2008, the federal minimum wage will increase to $6.55 an hour; and
Effective July 24, 2009, the federal minimum wage will increase to $7.25 an hour.


Later.....Ric

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