The federal minimum wage has not increased in over 15 years. The federal and state minimum wages are both $7.25 an hour, ...

Expect to hear more, much more, in the next few months of budget talks about the possibility of cutting state workers' pay down to the minimum wage to conserve cash. Just don't expect it to happen.

The president advised franchise owners to take action against state-level increases like California's $20 hourly rate.