Minimum wage initiatives, another issue that was initially surfaced by President Obama, continue to make headlines in states and cities across the country. Just this past week, the Urban County Council for Lexington, Kentucky voted to raise the minimum wage in the city from the current federal floor of $7.25/hour to a minimum of $10.10, phased in over the course of the next three years. Similarly, in the state of Nevada, minimum wage advocates are betting on a proposed constitutional amendment that would abolish the existing two-tiered wage system and increase the hourly minimum to $13.00. Under the name of the Committee to Raise the Minimum Wage, advocates filed a proposal to jump the minimum to $9.25 in 2018 and then increase it $.75 per hour each year until 2024, when it would reach the $13 target. Subsequently, the minimum would increase with inflation.