I heard a discussion on NPR about the effect of the increase in the minimum wage that will occur in January with the new Democratically controlled Congress. It will increase over a three year period ending at $7.25 per hour. Obviously, being presented on NPR the discussion had both pros and cons.
My question for you is: How do you feel about? Will it effect your business? Do you think it will affect the economy? Will people gain from it? Will people lose as a result of it? Will we, the consumer, ultimately pay for it? Weigh-in on this discussion and lets hear what you have to say.
However, regardless of what you think about it, it is coming, so you had better be thinking of the issues and how it will effect your company.