Inflation Grows
This is a mini post as I have been moving into my new home and getting set up.
Pennsylvania Raises Minimum Wage
Pennsylvania joins an ever growing number of states raising their minimum wage above the federal minimum wage of $5.15 per hour. By July 1, 2007, minimum wage will climb $2 an hour (a 38.8% increase) to $7.15 per hour.
Small business owners are complaining about the cost. However, we should look at this from the end of that chain. When owner's costs increase, what happens? Prices increase too. The squeeze is on at the low end. Also, I am sure the government is happy since it will also see an increase in its tax revenues.
Pennsylvania Raises Minimum Wage
Pennsylvania joins an ever growing number of states raising their minimum wage above the federal minimum wage of $5.15 per hour. By July 1, 2007, minimum wage will climb $2 an hour (a 38.8% increase) to $7.15 per hour.
Small business owners are complaining about the cost. However, we should look at this from the end of that chain. When owner's costs increase, what happens? Prices increase too. The squeeze is on at the low end. Also, I am sure the government is happy since it will also see an increase in its tax revenues.
posted by Nate at 11:35 AM
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