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As Candidate, Obama Promised To Raise The Minimum Wage Annually, But It Remains The Same

In 2008 candidate Obama promised to annually raise the minimum wage. But the federal minimum wage, controlled by Congress, today remains at $7.25 an hour, the same rate it has been since January of 2009 when the last round of wage increases signed into law by George Bush went into effect.

Posted on May 22, 2012, at 10:56 a.m. ET

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