(Richmond)- Minimum wage in the commonwealth is set to rise. The General Assembly approved a bill that will result in a gradual increase to 12-dollars-an-hour by 2024. Wages will go up to a minimum of nine-50 by January. The bill is now heading to the desk of Governor Northam, who has already listed the minimum wage increase as a priority. The measure also calls for a study on the impact of the wage increase on employers and workers.