Answer:
On July 24, 2009, the federal minimum wage will increase to $7.25 per hour. This is the final step of a three-step increase passed in 2007 when the minimum wage was only $5.15. In this last step, about 4.5 million workers will receive a raise, providing an additional $1.6 billion annually in increased wages. However, when adjusted for inflation, the new federal minimum is still less than the minimum wage through most of the period from 1961 to 1981.
Step-by-step explanation:
