This is just the latest in a series of increases starting in 2007. From 1997-2006 the minimum wage stood at $5.15. Then $5.85 in 2007, and $6.55 in 2008. Time for some fun with numbers:
- The new minimum wage is 10.7% higher than the current rate
- An employee earning minimum wage since 2006 will now make 40.8% more than just three years ago
- Percentage-wise, this year's increase will actually be the lowest since 2007 (the dollar increase has remained constant at $0.70 per year).