In a move some small businesses say will force them to raise prices or lay off employees, Massachusetts lawmakers on Thursday voted to boost the state’s minimum wage from $6.75 to $8 an hour over a two-year period. The bill, a compromise passed by the state Senate and expected to pass the House next week, would make the Bay State’s minimum wage the highest in the nation in 2008, once the full increase takes effect.
Article here. Don Boudreaux discusses minimum wage law here and here.