Cox News Service: Minimum wage increase takes first jump
By Mike Kelly
Cox News Service, 7/24/07
WASHINGTON - A hike in the federal minimum wage went into effect on Tuesday for the first time in ten years, ending the longest stretch without such an increase since the minimum wage was enacted in 1938.
The minimum wage rose 70 cents, from $5.15 an hour to $5.85 an hour. This wage raise is the first of three scheduled to take effect over the next two years.