09/01/2008

Federal Minimum Wage Has Increased to $6.55

The federal minimum wage was increased to $6.55 per hour on July 24, 2008. The 70-cent raise from 5.85 per hour is the second stage of a two-year, three-phase increase of the wage, which began in July 2007.

To comply with the U.S. Department of Labor (DOL) regulations governing the wage increase, all employers that hire workers subject to minimum wage provisions of the Fair Labor Standards Act must display posters explaining the wage increase. The posters must be hung in a conspicuous place, and businesses should allow their employees to read the notice.

The DOL’s Wage and Hour Division  approved posters can be downloaded online at http://www.dol.gov/whd/regs/compliance/posters/flsa.htm.