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Minimum wage went up today

The federal minimum wage increases by 70 cents on Thursday, to $6.55 per hour from $5.85. The increase is the second of three increases to take effect under legislation enacted last year that raised the minimum wage after it had remained unchanged at $5.15 an hour for nearly a decade. The increase will raise the minimum wage in 25 states; the other 25 have minimum wages higher than $6.55.

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