Is It Time to Raise the Minimum Wage?

at 9:30 AM
 (Spencer Platt/Getty Images)

In Tuesday's State of the Union address, President Obama urged Congress to increase the federal minimum wage from $7.25 to $9 an hour by 2015 and to provide for annual cost of living adjustments. The California Assembly will also consider a bill which would raise state hourly rates to $9.25 by 2016. We discuss the politics and economics of the proposed minimum wage increases, and the impacts on workers and businesses alike.

Guests:

John Kabateck, California executive director of the National Federation of Independent Business (NFIB)

Sylvia Allegretto, labor economist for the Institute for Research on Labor and Employment at UC Berkeley

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