This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mass. Senate Approves Hike In State Minimum Wage

By STEVE LeBLANC

BOSTON (AP) a¿¿ The Massachusetts Senate has voted to raise the state's minimum wage from $8 to $11 per hour by 2016 and tie subsequent increases to inflation.

The bill, approved by a 32-7 vote Tuesday, would increase the wage for the state's lowest-paid workers in increments over the next three years, starting in July 2014.

After 2016, future increases would be linked to the Consumer Price Index for the Northeast. There are currently 10 other states that index their minimum wages to the rate of inflation.

The bill now heads to the state House. Gov. Deval Patrick has expressed general support for the idea of increasing the state's minimum wage.

The state's minimum wage has not changed since 2008 and isn't automatically adjusted for inflation. The legislation also would require the state's minimum wage to always be at least 50 cents higher than the federal minimum, which is $7.25 per hour.

During the debate, senators approved an amendment that would raise the minimum wage for tipped employees to half of the minimum wage for other workers. The minimum wage for tipped employees like waiters is $2.63 per hour in Massachusetts.

Backers of the higher wage point out that an individual earning a minimum wage and trying to support a family often has to rely on federal benefits like food stamps to help make ends meet.

"Hard working people working full time and being paid our minimum wage now are living in poverty," said Sen. Dan Wolf, D-Harwich. "Raising the minimum wage is an important step to rebalancing our top-heavy economy."

Senate Republicans said they backed some increase, but said the minimum wage can't be taken out of context.

They said other actions are needed including lowering the cost of health care, easing up the cost of unemployment insurance for businesses, and increasing training opportunities to help workers get better-paying jobs.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs