President Obama is pushing to raise the federal minimum wage to $10.10 an hour, saying it's to help working families at poverty level.
One thing is certain, not everyone agrees on how that will affect the economy, businesses, and employees.
Some economists say forcing businesses to increase pay will increase their cost of doing business. It's something that could mainly affect small businesses as they operate on slim profit margins.
Tawni Ferrarini, an economics professor at Northern Michigan University, says an increase has it's tradeoffs. She says employers could end up raising prices on consumers or they'll reduce their labor force.
"There will be people who will not be working as much or not be working at all," said Ferrarini. "And, actually the minimum wage is going to hurt most directly the very people it's intended to help because they are the people who are out there who are struggling to find jobs."
Currently, the federal minimum wage is $7.25 an hour. The state's minimum wage is $7.40.