CNBC: States ringing in the new year with higher minimum wages
By Kate Rogers
CNBC, Dec 31, 2015
From major cities like Los Angeles to big businesses like McDonald's, 2015 saw momentum for lifting pay above the federal level of $7.25 an hour. Effective Thursday and New Year's Day, 14 states will implement higher minimum wages through legislative action or automatic cost-of-living increases. ...
"Consumer demand and income levels have not recovered in the wake of the Great Recession and raising the minimum wage is a very effective tool in boosting consumer demand," said Alissa Barron-Menza, vice president of Business for a Fair Minimum Wage....