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  • Democrats seek minimum wage hike

    05/22/2002 3:59:12 PM PDT · by GeneD · 12 replies · 355+ views
    CBS.MarketWatch.com ^ | 5/22/02 | William L. Watts
    WASHINGTON (CBS.MW) -- In a move that could foster partisan fireworks ahead of this fall's midterm elections, congressional Democrats moved Wednesday to reintroduce legislation to raise the minimum wage by $1.50 over the next three years. The federal minimum wage, which stands at $5.15, would be raised 60 cents this year, 50 cents the following year and 40 cents in the third year, under legislation offered by Sen. Ted Kennedy, D-Mass., who has led the charge for past minimum wage hikes. The wage was last raised in 1996. The issue has long been a partisan lightning rod. Many Democrats contend...