"As far as minimum wage, it's been way too low for way too long," Saginaw says. Some oppose minimum wage increases, as they boost overall costs. That said, here's how much minimum wages are increasing across the U.S., and why these two small business owners applaud the change. A statewide minimum wage increase to $12 for all employees (regardless of benefit status) will take place in July 2024. Minimum wage is also increasing in Chicago and San Francisco, among other cities and counties.

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Persons: Paul Saginaw, Gina Schaefer, Schaefer, Tom Williams, it's, — Organizations: CNBC, Hardware, Capitol Visitor Center, Cq, Inc, Getty, D.C, DC, Logan Locations: Nevada , Oregon, Washington, Maryland, Virginia, Las Vegas, Saginaw, Nevada, U.S, Portland, Montgomery County , Maryland, Chicago, San Francisco