With the Democrats poised to assume control of Congress next month, you can expect a significant increase in the federal minimum wage. Even President Bush has indicated that he’ll have to seriously consider a number of Democratic priorities, including the minimum wage hike from $5.15 to $7.25. Both Sen. Edward Kennedy and Rep. Nancy Pelosi, the incoming Speaker of the House, list a wage hike as a top priority. “Millions of hardworking men and women across the country aren’t getting their ...

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