raising the minimum wage

Minimum Wage

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There's a push to raise the federal minimum wage to $15 an hour; but not everyone thinks the idea will serve up success.

Chef Mario Batali is the man behind the Eataly empire and the owner of several restaurants around the world. He says that the increase is not the best or fastest way to improve the quality of life for people because it will raise the cost of running a restaurant about 30%. Batali says that could lead to a rise in prices and people could be looking at $50 an entree just to eat out. And he's not the only one voicing concern.  read more »

The Minimum Wage Debate

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States looking to improve their economic outlook might want to start by shelling out a few more bucks.

According to a report by the Department of Labor the 13 states that raised minimum wage added jobs at a faster pace than those who kept the purse strings tight. According to the report the number of jobs grew an average of 85% in the past six months. The average for the other 37 states was 61%.

As of 2009 the federal government has mandated a national minimum wage of at least $7.25 per hour. Then at this year's State of the Union address President Obama called on congress to raise that number to just over $10. Shortly after that he signed an executive order making sure people working on federal service contracts were paid that rate.  read more »