In September, California’s legislature approved a bill raising the state’s minimum wage from $8 an hour to $10 an hour, becoming the first state in the nation to surpass the double-digit minimum wage threshold.
But it looks like California won’t be the last. On November 19, the Massachusetts Senate voted to raise the state’s minimum wage from $8 an hour to $11 an hour. In addition, 12 other states have implemented minimum wage increases as well.
At the federal level, President Obama recently called on Congress to raise the federal minimum wage from $7.25 to $9 an hour, which would represent the first change to the federal minimum wage since 2009 and the largest increase in history. Thirty-one states adhere to the federal minimum wage.
Clearly, the push to raise the minimum wage is gaining momentum. But is it the right move for businesses, workers and the economy overall? Well, it depends on who you ask.