Federal Minimum Wage Jumps to $7.25 an Hour

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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

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