Monday, July 21st, 2008...9:20 am
Wage & Hour: Minimum Wage Increase
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This Thursday, July 24th, right in the middle of most employers’ workweek, the federal minimum wage will rise from $5.85/hr. to $6.55/hr. The federal rate will rise again, one year later, to $7.25/hr., at which point it will exceed the Alaska state minimum rate.
The minimum wage for employers covered by the Alaska Wage and Hour Act remains at $7.15/hr. A state Senate bill that would have raised the state minimum on January 1, 2009, went nowhere in the last Legislature. Until 2003, the Alaska minimum wage was statutorily tied to the federal minimum wage.
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