OpEdNews: John Arensmeyer, Minimum Wage Hike Good for Business Bottom Line
By John Arensmeyer
OpEdNews.com, 7/25/07
The sky is not going to fall.
On July 24, the federal minimum wage increased for the first time in ten years, moving up 70 cents from $5.15 an hour to $5.85. It will take two more years before the final step in the raise to $7.25 takes place in 2009.