This coming Saturday, the minimum wage in Minnesota will increase to $9/hour. Note this is the second step in which the state will increase its minimum wage. The final increase will occur next August when it will jump to $9.50/hour and then automatically rise with inflation from thereon out.
As of this point, Minnesota will have the highest minimum wage rate of any state not along the East or West coasts. As the Governor noted, workers in the state are spending these additional wages in the state. In essence, these additional wages are going back into the Minnesota economy and helping the state continue to grow.
Time will tell if other states in the region increase their minimum wage as a result. However, as noted in the article from The Star Tribune, efforts to increase minimum wage in Wisconsin have proven to be unsuccessful so far. It will be interesting to see if Minnesota's efforts spur any other Midwestern states into action...
For additional information: http://www.startribune.com/minnesota-s-minimum-wage-rises-to-9-per-hour-saturday/318733281/
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