Obama Seeks Minimum Wage Increase to Stimulate Economy in Speech

Obama Seeks Minimum Wage Increase to Stimulate Economy in Speech

Emile Wamsteker/Bloomberg

A worker puts together an order at a McDonald's Corp. restaurant in Little Falls, New Jersey. Raising the hourly federal minimum wage to $9 from $7.25 by the end of 2015 would return it to its highest inflation-adjusted value since 1981, under President Ronald Reagan, according to a White House fact sheet.