Summary: <p>Already this year, five states have raised their minimum wage. In a speech last week, President Obama vowed to make reducing income inequality a primary focus of his final years in office. He called on Congress to raise the federal minimum wage. Senate Democrats are promoting a measure that would hike it to just above $10 an hour. The U.S. Chamber of Commerce and many Republicans are opposed to any increase in the wage floor. They argue it would be bad for business, impede job creation and do little to help the poorest Americans. We talk about the arguments on both sides of the issue.</p>
