Business Services Industry
The stakes of raising the federal minimum wage: with the 110th Congress poised to increase the federal minimum wage, the apartment industry readies itself for the possible positive--and negative--repercussions.
Units, March, 2007 by Befus, Betsy Feigin
A priority for congressional Democrats, who recently earned majorities in both houses of Congress, is to pass legislation that would raise the federal minimum wage. The federal minimum wage, which is currently set at $5.15 per hour, has not been increased since 1997. That is the longest period without an increase since the federal minimum wage was created in 1938.
House Speaker Nancy Pelosi (D-Calif.) and other House leaders included an increase in the federal minimum wage on their "First 100 Hours" agenda. On Jan. 10, the U.S. House of Representatives passed a "clean" bill that would increase the federal minimum wage to $7.25 per hour over the course of two years. The measure is considered "clean" because it does not include offsetting provisions for employer...
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