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Minimum Wage Increase Expected to Pass Today

Passage Will Raise it to $7.25 Per Hour, the First Raise Since 1997

By K. Bamforth, published Jan 10, 2007
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Today, the U.S. House of Representatives is scheduled to vote on a bill that will raise the federal minimum wage from $5.15 per hour to $7.25 per hour, the first increase since 1997. Passage is expected, along with Senate approval and finally, the signing of the bill into law by President George W. Bush.

Along with stem cell research, raising the federal minimum wage was a key issue in November's historic elections in which Democrats overhauled both Houses of Congress. Five different states passed ballot initiatives raising their own minimum wage above the federal level. New Speaker of the House Nancy Pelosi, the first woman to hold the position, promised swift action on the part of Democrats when Congress resumed this month, and the expected passage of the minimum wage bill is just one aspect of that.

In addition to today's minimum wage bill, House lawmakers are expected to vote this week on other domestic policy initiatives, including approval for federal funding for embryonic stem cell research and approval for implementing security recommendations from the independent commission that investigated the Sept. 11, 2001 terrorist attacks. However, the focus will undoubtedly shift from the Democrats' intended domestic agenda to the highly anticipated national address by Bush this evening regarding his plan for war in Iraq. Bush is expected to outline a plan calling for 20,000 more troops to add to the approximately 130,000 currently stationed in Iraq.

The Democrats' response to Bush's plan and the actions they plan to take with regard to restricting funding for the war through the budget process are being considered a test of their leadership after gaining control in November.

Minimum Wage Increase Expected to Pass Today
Takeaways
  • Today's passage of the increase to the federal minimum wage will be implemented in three steps, with the final increase to $7.25 per hour happening no sooner than March 2009.
  • Small business owners are concerned with the effects of the possible increase on their profits and worry about the necessity of raising prices or cutting employee hours.
  • The House is also expected to vote on bills regarding federal funding for embryonic stem cell research and implementation of security recommendations from the 9/11 independent commission.
Did You Know?
The estimated 13 million Americans who will see raises as a result of the passage of the bill will be making $15,080 a year as a full-time employee at $7.25 per hour.
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Comments
Comments 1 - 3 of 3
 
 
The only raise i'll be seeing is my monthly bills.

Posted on 01/10/2007 at 8:01:00 AM

 
Thank you for your comments! I wasn't intending to come out in support of or against this issue, just reporting on the expected passage today and some of the concerns that come along with that.

Posted on 01/10/2007 at 8:01:00 AM

 
With a minimum wage increase comes small businesses forced out of business and the cost of living to increase. It will basically average back out to pretty much how it is right now by a years time or less. Every time the wages are increased so is the cost of living. So, hooray for the rise in living expenses. Wahoo. (rolling eyes)

Posted on 01/10/2007 at 8:01:00 AM

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