Currently, minimum wage is $8.15. That will increase to $8.50 on January 1, 2016 and then to $8.90 in 2017. The last stage will see minimum wage increasing to $9.25 an hour in 2018.
Since the United States instituted the first federal minimum wage in 1938, there has been no shortage of debate on the topic. Whether we should raise, lower, maintain, or abolish the minimum wage has warranted serious discussion and heated debate.