On July 24, 2012, the Service Employees International Union (SEIU) rallied to raise the federal minimum wage to $10.55 an hour. In Michigan, there is currently an effort to raise the state's minimum wage to $10 an hour by 2015. It would be the highest in the country. The Mackinac Center's Director of the Morey Fiscal Policy Initiative, Michael LaFaive, explains why raising the minimum wage would hurt employees and businesses.