Detailed text transcripts for TV channel - CNN - 20170101:23:42:00
Increasing. some states it's a small jump. some states it's a big jump. you have the federal minimum wage, 7.25 an hour. that's not likely to change federally but more and more states are doing this. >> when it comes to federal minimum wage, the federal law create a floor and states can add to that and make it higher if they want to. it's an age old argument when it comes to minimum wage. you can say as we keep increasing it, we're putting strain and making prices rise. other economists argue it hasn't raised with inflation in way while the minimum wage has continued to increase if you tie it ...