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Old 25th May 2007, 10:21 AM
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US minimum wage to get $2 boost

The minimum wage in the US is to rise by $2.10 per hour, to $7.25 from its current level of $5.15, the first time it has increased in a decade.

The US Congress voted in favour of the rise, which was attached to a bill funding the Iraq war.

Democrats promised to boost the minimum wage when they won control of Congress in elections in 2006.

The increase will be phased in over a two-year period and will accompanied by tax breaks for small businesses....

http://news.bbc.co.uk/2/hi/business/6690253.stm

Not quite sure how Rick can take the mickey out of rates of pay in China, by UK standards these are virtually third World. Immigrants from Eastern Europe are guaranteed double the current rates and most of them won't work for that even for menial jobs like cleaning. Most of the move into more mainstream employment within a couple of years anyway.

What a vision of western democracy this is. Slavery by any other name!

This will, however, do little to ease inflationary pressures in the US. Increases in minimum rates of pay will have a knock on effect up the ladder.
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