July 19, 2009 2:56 PM

On Friday, lowest-wage workers get a raise

Two previous wage increases, one in 2007, the other in 2008, pushed the federal wage to $5.85 and then to the current $6.55 an hour. The third, which goes into effect Friday, will push it to $7.25 an hour. That's not a life-changing raise, but some economists worry now is not the time to impose it.

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