The Massachusetts House has approved a bill that would increase the state’s hourly minimum wage from $8 to $10.50 over the next two years.
House Speaker Robert DeLeo is proposing a new minimum wage of $10.50 per hour in Massachusetts, to be phased in over three years.
Massachusetts business leaders are signaling possible support for an increase in the state’s $8 per hour minimum wage, but only if it is coupled with business-friendly reforms in the state’s unemployment insurance system.
The Massachusetts Senate is considering raising the state’s minimum wage from $8 per hour to $11 by 2016 and tying subsequent increases to inflation.
The Legislature’s committee on Labor and Workforce Development on Tuesday was scheduled to hear several bills that would increase the minimum wage, which has been at $8 an hour since 2008.
Mitt Romney’s economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.