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Approximately 647,000 minimum wage workers across the country will be ringing in this new year with a modest pay raise, as Arizona, Colorado, Montana, Ohio, Oregon, Vermont and Washington are set to increase their minimum wages by nine to twelve cents on January 1. All seven of these states
will have minimum wages above the federal level, which is currently $7.25 an hour, but Washington will have the highest at $8.67.
The salary boosts will provide essential help to workers who struggle to to keep up with the rising costs of living on an average minimum wage salary of about $15,000 a year. The increases may also boost the economy, since job gains in the wake of the recession seem to be disproportionately concentrate in low- and mid-wage industries such as food services, retail, manufacturing, and administrative and wastes services..
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US investment in the Netherlands from 2000 to 2010 was nine times more than US investment in China during the same period. US investment in the UK was more than seven times more, and in Ireland nearly three times more, than in China. (Source: Transatlantic Economy 2011
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