Per Yahoo Finance:
Federal wage floor will rise to $7.25 an hour on July 24. Hike will be felt in 29 states. Can the job market handle it?
The federal minimum wage is set to increase later this month as the job market shows signs of further decay.
The federal minimum wage will go to $7.25 an hour on July 24 from its current level of $6.55, according to the U.S. Department of Labor.
The impact will be felt in 29 states, and many of them plan to match the federal minimum when it goes through.
To read the rest of this article, visit: http://finance.yahoo.com/career-work/article/107297/higher-minimum-wage-coming-soon.html?mod=career-salary_negotiation
