Added: Nov 18, 2008
From: AssociatedPress
Duration: 0:44
SelectPlusMinimum Wage Goes Up ThursdayMinimum Wage Goes Up ThursdayThe Associated PressAbout 2 million Americans get a raise Thursday as the federal minimum wage goes up, but that is countered by higher gas and food prices those workers are already paying. (July 24)[Notes:ANCHOR VOICE] Get ready for a pay raise if you make minimum wage...and it's a pretty sizeable one, too.On Thursday, the federal minimum wage goes up 70 cents. That affects about 2 million Americans.That's great news for low income earners who are already paying more for gas and food. But one economist calls it a drop in the bucket compared to higher costs. The good news? 23 states and the District of Columbia already pay more than that. AND it goes up again next year to $7.25.Besides, most businesses, even restaurants and other service sector companies pay more than minimum wage anyway.The bad news? Some small businesses are already saying they'll have to raise prices to cover the higher cost to pay employees. ___ ___, The Associated Press
Channel: News
Tags: minimum thursday up wage
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