The Impact of Minimum Wage Increase

Karen Kerrigan for Fox News reports that the U.S. House quickly pushed through a minimum wage hike last week. The 41 percent wage increase (phased in over 26 months to $7.25/hour) will impact many firms, especially those in low-cost or disadvantaged areas of the nation. Recognizing the impact, several leading Democrats in the U.S. Senate have determined that “offsets” are necessary – that is, small businesses should be given relief to blunt the cost burden associated with higher wages and payroll taxes.

TrackBack

TrackBack URL for this entry:
http://blog.womenforhire.com/cgi-bin/mt/mt-tb.cgi/373

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Name:

Email:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)