Minimum Wage Rates May Climb This Year
By Paul Davidson, USA Today
February 2, 2012
At least 17 states recently raised the minimum wage or are considering doing so in 2012, the most in at least six years.
Republican presidential candidate Mitt Romney broke with GOP conservatives this week, renewing his call for automatic federal minimum wage increases to keep up with inflation.
President Obama as backed raising the U.S. basic wage from its current $7.25 an hour to $9.50 and indexing future automatic increases to inflation. Many economists cite a growing divide between rich and poor.
How much the federal minimum wage would be if it had kept up with inflation over the past 40 years. Instead, itís $7.25. Learn More
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