By Jessica Pupovac
AHN (All Headline News), 7/24/07
Washington, DC (AHN) - Advocates for low-wage workers today are celebrating the first increase in the federal minimum wage to go into effect for over a decade, from $5.15 to $5.85 an hour.
The step is part of a three-part process legislated by Congress in May. On July 24, 2009, at its culmination, the federal minimum wage will reach $7.25. That comes to just over $15,000 a year before taxes for a 52-week work year. The federal poverty level for singles is $10,210, couples is $13,690 and $17,170 for families of three.