Monday, July 06, 2009

Yeah!!, More Unemployment caused by Govt Good Intentions

NEW YORK ( -- The federal minimum wage is set to increase later this month as the job market shows signs of further decay.

The federal minimum wage will go to $7.25 an hour on July 24 from its current level of $6.55, according to the U.S. Department of Labor.

The impact will be felt in 29 states, and many of them plan to match the federal minimum when it goes through.