Federal Minimum Wage Increases

Many will be seeing more money on their next pay check.

2 million Americans are getting a raise Thursday as the federal minimum wage climbs to $6.55 an hour; that's a $0.70 jump.

Minimum wage in Kentucky has already made the increase to $6.55 and will go to $7.25 by next year.

This is good news for lots of workers who are finding it harder to make ends meet, but not everyone is enthusiastic. One analyst points out that the sectors most affected by the increase - restaurants and retailers - are the ones hit hardest by the weak economy and that could force more businesses to cut hours or initiate layoffs.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Eva Location: Madisonville on Jul 25, 2008 at 11:39 AM
    Yeah, let's feel sorry for these poor minimum wage stores and restaurants like the one I work at. Since my YEARLY 12 cent raise comes at this same time of the min. wage increase, they are trying to prevent me from getting the extra 5 cents (to my current hourly wage) that I would have received from the min. wage increase. This is a multi-billion corporation that is doing this that had already had elevated prices before the min. wage was even pushed to pass! Doesn't seem much for the corps except when they do this on the large scale of employees that they have. Neither will make much difference to me since it is my 2nd job, but for those that have these type of jobs for their primary income, I feel this is an outrage. How greedy the US corporation have become. There is little of a middle class any more thanks to them!
  • by BLACKSHEEP Location: EVERYWHERE on Jul 24, 2008 at 04:00 PM
    DO YOU KNOW WHAT HAPPENS WHEN YOU GET A RAISE? ANYONE, ANYONE. SO DOES YOU TAXES, DE DE DE. YOU GET PAID MORE, SO YOU HAVE TO PAY BACK MORE, SO YOU MAKE THE SAME!!!!!
  • by SHARON Location: LEXINGTON on Jul 24, 2008 at 12:59 PM
    THATS WHY PEOPLE OUR LIVING OFF THE GOVERMENT ,DOESNT PAY TO WORK.WHATS THAT SAY FOR AMERICA.
  • by concerned Location: ky on Jul 24, 2008 at 12:50 PM
    Tacpayer - not only teachers are affected by thy whopping 1% pay increase. All State employees get the same raise. Ky state government is the largest emplyoer in the state and will have the largest number of employees struggling to survive in this horrific economy.
  • by Joe Location: Stanton on Jul 24, 2008 at 08:57 AM
    David... Lets just starve the poor lower class to death and then see who are the ones making the middle and upper class richer. The rich make their money by making the poor people work for peanuts.I see many parents eating one small meal a day just to make sure their kids have something to eat. GOD has blessed me with enough to take care of my 5 boys plus, any other hungry kid that comes to my house.
  • by taxpayer on Jul 24, 2008 at 07:17 AM
    i am glad that help is coming to the hourly worker, but what about the teachers. We recieved a big 1% raise, but you can bet that out teacher retirement and insurance will go up. We are losing money instead of increasing. Many of us are still paying off student loans. We have families. One teacher stated that if she quit work her family could get food stamps. Her husband is a teacher also. When is someone going to fight for us. KEA or NEA is not doing much. Oh, our dues will raise too. Help!!!!
  • by Anonymous on Jul 24, 2008 at 06:44 AM
    Better watch out the govern may try to stop Kentuckians from getting that pay raise.He wants to keep us under the poverty lines,which needs to be raised with prices on everything going so high.
  • by David Location: Winchester on Jul 24, 2008 at 06:22 AM
    How is this good news for those finding it hard to make ends meet? The price adjustments that will go along with the bumps in the minimum wage will only make it to where more people are having trouble making ends meet. Those who are making $7.25 today, will be making minimum wage next year, this will do nothing but cause inflation and make it to where more people are short of money. This also serves to lower the value of middle class paychecks by raising prices. The war on the middle class continues, and if Senator Obama is elected, the middle class will lose. It would be bad enough to have a liberal like Senator McCain, but Senator Obama's far left ideals will destroy those who work to make America great. To get back to the point, the end result of this is that those who make the minimum wage are still in the same boat they were in, and the rest of us are worse off. Great idea, Democrats, please lead us further down the road of ruin.
  • by Andy on Jul 24, 2008 at 05:13 AM
    Woopie now I can afford to eat 4 days a week.I'm so pleased.

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