Business owners must take note that July 24, 2007 is the effective date for the increase in the Federal Minmum Wage. The Federal Minimum Wage will increase from $5.15 per hour to $5.85 per hour.
This is the first of three increases in the Federal Minimum Wage. The next increase (to $6.55 per hour) goes into to effect on July 24, 2008 and the final increase (to $7.25 per hour) goes into effect on July 24, 2009.
In Maryland, the minimum wage is currently higher than the Federal Minimum Wage and requires employers to pay employees working in Maryland at least $6.15 per hour. On July 24, 2008, it will increase to $6.55 per hour. On July 24, 2009 it will increase to $7.25 per hour.
In the District of Columbia, the minimum wage is also higher than the Federal Minimum Wage and is now $7.00 per hour. On July 24, 2008, it will increase to $7.55.
In Virginia, the state minimum wage law does not contain current dollar minimums. Instead the state adopts the Federal minimum wage rate by reference. The State law excludes from coverage any employment that is subject to the Federal Fair Labor Standards Act.
A link to the minimum wage rates in all of the states is found here.