It's all the wage
by Kate Bonamici and Barney Gimbel, FORTUNE Magazine

(FORTUNE Magazine) - What do John Edwards and Arnold Schwarzenegger have in common? Movie star looks aside, both are joining a nationwide effort to raise state minimum wages.

In May, North Carolina and Pennsylvania will probably pass increases, joining recent hikers Maine, Arkansas, and Michigan. That will make 21 states with minimums above the federally mandated $5.15 set in 1997--over half raised since 2004. At least 15 other states are actively considering legislation, and pro-increase referendums will show up on November ballots in four states. Edwards and party chair Howard Dean are trying to brand the minimum wage as a Democratic issue. (It's a popular one: An April Pew Foundation poll found 83% support for an increase.) But Republicans like the Governator want to steal the Dems' thunder. Shrewd Republicans will likely agree to a modest increase now rather than face more generous, Democrat-rallying referendums in November.

Telis Demos contributed to this article. Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.