Fair Minimum Wage Act of 2007
Definition - What does Fair Minimum Wage Act of 2007 mean?
Fair Minimum Wage Act of 2007 is an act of the United States Congress which brought some changes to the 1938 Fair Labor Standards Act. It raised the minimum federal wage to $7.25 per hour (from $5.15). The act was signed on 25th May, 2007.
Justipedia explains Fair Minimum Wage Act of 2007
The change in the minimum federal wages was made in three increments. From $5.15 per hour to $5.85 per hour in 2007; to $6.55 per hour in 2008; and then finally to $7.25 per hour in the year 2009.