MINIMUM WAGE: Raised to $15 Per Hour in Los Angeles

About 800,000 workers in Los Angeles will be getting a raise, but they'll have to wait until 2020 for it to go into effect. The L.A. City Council approved a plan yesterday to raise the city's minimum wage to $15 an hour.

L.A. is the largest city to approve the raise from the current $9-an-hour base wage. Chicago, San Francisco and Seattle have also approved comparable wage hikes.

L.A. Councilman Paul Krekorian who was a champion of the plan, said, "Make no mistake. Today the city of Los Angeles, the second biggest city in the nation, is leading the nation." (Los Angeles Times)

Say What:

•     There are those who say raising the minimum wage will just mean prices will go up where those people are employed.
•     With inflation, $15 an hour in 2020 might not be too different than what $9 an hour is now.
•  Will the increase in the minimum wage cause an increase in other wages/salaries?