One reason it is not even more because it would not be politically feasible to do so.  Our governor in fact did propose a higher rate of increase.

I don't think this bill is perfect. But here is what I use as one test for a minimum wage ceiling. Will full-time, career workers need to get assistance to live at that wage, transferring taxpayer dollars to owners that may be already enjoying a good profit? I don't see a reason to raise the minimum wage above that. So that is my limit which you requested.  As to your follow-up question, my argument does not apply to the current bill because workers will still need assistance at $9.75 an hour. I'll withhold my judgment about the future raises when I know what the living wage will be. As I said, I don't think the bill is perfect... a living wage as a motivation should have some means testing to it.