The federal minimum wage will increase to $7.25 per hour this month.
The current minimum wage of $6.55 will increase on July 24th, according to the U.S. Department of Labor.
Seven states already have a minimum wage of $7.25 an hour, and 14 states have an even higher minimum wage for workers. Employers are required to pay the highest of the two, federal or state.
Source: CNNMoney.com, Higher Minimum Wage Coming Soon