Sunday, June 22, 2008

Increase in Federal Minimum Wage Goes to $6.55

Thanks to Labor Law Center Blog's Federal Minimum Wage Goes to $6.55 because I forgot there would be an increase this year.

"On July 24 2008, the federal minimum wage will increase by 70 cents from $5.85 per hour to $6.55 per hour. The federal wage affects every employer with annual revenue over $500,000 per year, and those who engage in interstate commerce."
This applies also to collections - the minimum wage for a garnishment becomes now $196.50.