After a decade of a stagnant minimum wage, workers may soon see a raise in pay following both the Democratic victories in Tuesday's election, and the passing of minimum-wage ballot measures in six states. Following the election results, President Bush commented that he "would agree to a hike in the federal minimum, set at $5.15 an hour since 1997."

According to reports on LATimes.com, "the success of the minimum-wage measures illustrates how organized labor and its allies are achieving workplace gains at the ballot box that they couldn't get at the bargaining table."

To read more about the ongoing debate over minimum wage in California and other states, click here.