Minimum Wage

Minimum Wage
Introduction
Obama‚Äôs administration proposed a federal minimum wage of $9 an hour from the current $7.25 per hour that has been in existence for very many years. The Fair Minimum Wage Act of 2013 has been introduced in the U.S Senate and House of Representatives which proposes to raise a minimum wage per hour from the current $7.25 to $10.10 per hour by 2015. The increment is to take place in three phases with each phase increasing 95 cents. The act also proposes that the minimum wage adjust to meet the rising cost of living. The tipped workers minimum wage is also to increase from the current $2.13 per hour to 70% of the…..

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