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Raising Minimum Wages - US Federal Wage Now At $6.55 (VIDEO) 37 Views - Click for Larger Image Federal minimum wage is up 12% to $6.55 in the United States, meaning close to 2 million Americans will be getting a raise from the previous $5.85 hourly minimum. That’s a shockingly high number of people who have to work for an hour to buy a latte and a muffin, shampoo and conditioner or simply to pay for daily transit to and from work. Next July, it’s supposed to go up another 70 cents to $7.25 an hour. “In a new sign of increasing inequality in the United States, the richest 1% of Americans in 2006 garnered the highest share of the nation’s adjusted gross income for two decades, and possibly the highest since 1929, according to Internal Revenue Service data,” Marketwatch.com pointed out. It seems the rich are getting richer,... [read full story]
