You may have heard about recent efforts to raise the federal minimum wage from its current rate of $7.25 per hour to over $10 per hour. That effort has been defeated, at least for now. The federal government reported that 3.3 million workers earned at or below the federal minimum wage in 2013. Recently, legislation was proposed that would have raised the minimum wage to $10.10 over the next two and a half years. The proposed legislation would have also raised the minimum wage for “tipped” employees and provided for yearly increases to provide for inflation. The Senate rejected this proposed legislation.
Although this most current attempt to raise the minimum wage has been defeated, the issue will likely be revisited in the future. Obviously, any change to the minimum wage laws could have important and immediate effects on businesses both large and small. We will continue to monitor proposed changes to the wage and hour law. Stay tuned…
© 2014 Parsonage Vandenack Williams LLC
For more information, Contact Us