(KTEN) — Oklahoma's minimum wage could rise to $15 an hour if voters approve the proposal.

"No one is opposed to fair wages, but my concern is when you set it by the government instead of by the labor market," said Murray County Farm Bureau president Bob Drake.

The Oklahoma Supreme Court heard arguments on both sides of the issue Wednesday morning regarding State Question 832. It would, if approved, increase the state's minimum wage to $9 dollars by 2025, gradually increasing by $1.50 each year until 2030. After that, the wage would based on federal cost of living statistics.

The Oklahoma Chamber of Commerce and the state Farm Bureau oppose the measure.

"You can only raise the price of food in a restaurant so high; you can only raise the price of gas so high; but you have to have the wages commensurate to what you are having to sell for... not the other way around," Drake said.

Terry Carr knows that all too well. The owner of Mom's Place restaurant in Ardmore said the proposed increase would make it harder on smaller businesses like his.

"It works two ways; it's a good thing and a bad thing," Carr said. "It's a good thing for the person that needs to make the money because of the economy the way it is, with everything so high.  But as a businessman that has to pay that, it's really tough."

Oklahoma state Rep. Josh Cantrell (R-District 49) said the proposed wage mandate would be a tax on working Oklahomans.

"They will suffer more pain at the checkout line buying school supplies, groceries, and clothes," he said in a written statement. "When you mandate wage increases, you raise rates."

If the justices side with State Question 832, proponents will be permitted to proceed with the signature collection process, potentially bringing the minimum wage issue to voters in the November presidential election.