Minimum-Wage Workers Get Federal Raise

The federal minimum wage goes up 70 cents to $5.85 an hour Tuesday. More than a million workers will make around $1,500 a year more than they would have without the increase. It is the first increase in a decade — and two more wage increases are coming. Next year's increase is another 70 cents. Then the following year it goes up again to $7.25 an hour.

'Marketplace' Report: Minimum Wage Raise

The minimum wage rises Tuesday to $5.85, the first of three increases set for the next two years — by July of 2009, the minimum wage will be $7.25. The increase is the first in 10 years at the federal level, but some state and local governments are creating their own minimum wage requirements. John Dimsdale of Marketplace talks with Alex Chadwick.

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