• House approves 40% minimum wage hike

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MarketWatch:  House Democrats on Wednesday won passage of legislation that would boost the nation's minimum wage level from $5.15 an hour, where it's stood since 1997, to $7.25 by 2009. In a 315-116 vote, the House overwhelmingly backed the legislation. Economists estimate a hike would affect around 13 million low-wage workers.
 
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