Minimum wage: who makes it?

by Jared Bernstein

Mayor Ed Murray of Seattle, right, after the City Council approved a minimum wage that is more than double the federal minimum. The $15 rate is the highest among the nation’s big cities. Photo: Ted S. Warren/Associated Press

Minimum-wage increases could appear on the ballot in as many as 34 states this year. President Obama has also proposed increasing the federal minimum wage to $10.10, from $7.25. Who makes the minimum wage, and who would be affected by any of the proposed increases?