In State of the Union, President Obama will Ask for Minimum Wage Increase


Matt Yglesias reports for Slate that in tonight's speech, President Obama will look to raise the minimum wage to $9 an hour and to index it to inflation.  This would be the first time the minimum wage would be up to that point since 1981.  This would be a big step for America and for the "99%."  It will be interesting to see how this is addressed in the speech.

It has also been reported that the top 1% has captured 121% of the gains during the recovery by Think Progress.  This too will be interesting to watch as President Obama addresses each of these issues.