Minneapolis City Council gives tentative approval to $15 minimum wage

It appears the minimum wage experiments in cities across the U.S. will continue. Minneapolis is the latest large city to take up the economically-controversial topic with a proposal to raise minimum wages to $15 per hour. Seattle recently implemented their own mandated wage increase, and in that case, there’s data that suggest the policy backfired. In Minneapolis, the city is taking a more gradual approach by requiring the higher wage to be in place by 2024 for small businesses with fewer than 100 employees.