9 Minimum Wage Good Or Bad For Business
President Obama’s State of the Union address touched on many issues, but for businesses the biggest one may be his proposal for a $9 minimum wage. That’s a big jump from the current federal minimum wage of $7.25. Does that mean you’ll have to start paying each employee an extra $1.75 per hour to make up the difference? The federal minimum wage sets the lowest hourly pay for federal employees and those subject to the Fair Labor Standards Act....