St. Paul, MN (NNCNOW.com) - A bill approved on the House Floor Friday would increase Minnesota's minimum wage to $9.50 an hour by 2015, from the current state wage of $6.15 an hour.
House lawmakers approved the bill 68 to 62.
The bill, authored by Rep. Ryan Winkler (DFL-Golden Valley), would impact 350,000 residents over the next two years working for businesses that have an annual income of $500,000 or higher.
Supporters of the bill say an increase would lead to workers spending more money, boosting the economy while cutting down on poverty.
The opposition says it's a bad bill for job seekers, teens and the economy, saying the hike happens too fast and comes too soon after the economic downturn.
The Senate version, which calls for an increase similar to the Federal wage, is expected to be debated next week.