The federal minimum wage currently stands at $7.25 an hour, and Congress has not increased it since 2009.
Andy Puzder, the executive behind Carl's Jr. and Hardee's fast-food chains, has frequently argued higher minimum wages would hurt workers.
The move will see some workers receive as much as £1,000 back-dated to May 2012.
The agreement would gradually raise the minimum wage from the current $10 to $15 in 2022.
In an era of precarious careers, more working people are starting new trade unions.
The organizing union represents two million workers.
The Services Employees International Union throws its weight behind the front-runner today.
Bernie Sanders has said the federal minimum wage should be raised to $15 per hour.
The moral case: No one should be working full time and still remain in poverty.
The move would be made by the end of 2018 in New York City and by mid-2021 in the rest of the state.
The report cites low wages, high rents and the recession as contributors to the rising rate of youth poverty
Organizers said strikes would take place is around 150 cities