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Some states give minimum wage a boost

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    Debate over impact on businesses

  • Duration 2:19
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It's a debate that has been going on for decades unions and labor activists say it's good for the economy business owners is a great correspondent Peter -- explains minimum wage.

It's still a very hot.

Nearly one million people across America will get a raise on New Year's Day.

Not as a reward for a job well done but instead because they lived in one of the ten states that is raising their minimum wage next week with increases.

Ranging from a modest -- hour in Missouri to 35 cents an hour in Rhode Island.

Supporters say that right now and income guarantee is important.

Since some the unions are weakening.

The increase in the minimal wage actually does give workers the kinds of safety nets that.

The businesses themselves are in some governments quite frankly are taking away little by little.

But some experts think that assessment is antiquated.

What you know union and advocates figures don't realize here is sort of there -- the hell really is no longer with management has with its with technology if you go into your local target or something like that.

You're checking your own prices and automatic price checkpoints and having people on the floor you know to help -- I think.

We've just been through a period where we sort of seeing the impact -- you know higher minimum wage it.

Forces businesses did cut back the federal minimum wage is seven dollars and 25 cents an hour but cities and states.

Can set their own wages higher like San Francisco.

Which will raise its 21055.

An hour on January 1.

With a little more money in the pocket of -- workers.

They will actually have the opportunity to go out and spend more money.

And and grow the economy a little bit but taking money away from business owners and giving it to low skilled workers is not a formula for growth.

That all economists support raising the minimum wage and interfering.

With the free market process.

Always costs.

Jobs it increases unemployment to -- Credit lawmakers senator Tom Harkin and congressman George Miller want to raise the federal minimum wage from 725.

To 980 over two years but.

Republican senator Lamar Alexander says the focus should instead be on job training and that he is for maximum -- is not.

Minimum wages -- Thank you Peter.

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