Thoughts on the Minimum Wage issue?
Category: Small Business Matters
Knowing that Aplus.Net’s primary customer base is America’s small- and medium-sized business owners, we’re wondering what your take is on Congress’ recent efforts to raise the national minimum wage.
It’s been a controversial issue, with the general conservative political stance being that a minimum wage increase will cause serious damage to the national economy by cutting into small business revenues. The counter-argument is that the economy will actually be stimulated by providing a wage increase to so many consumers.
What do you think? Do you feel that a minimum wage increase will have any impact on your business? Do you worry about being able to afford the rise in wages you’ll now be responsible for? Or do you already pay your workers such a wage? (For example, Californians consider this somewhat of a moot issue, since the state minimum wage here is already above the national standard.)
There’s been a lot of media attention to this story; check out recent articles in The Los Angeles Times, The New York Times, The Washington Post, CNN, Fox News, and the Chicago Sun-Times.
Feel free to post your comments, below. We’d love to hear your thoughts on this issue.
re minimum wage hike to be phased in over two years: The $2.00 or so raise phased in over 2 years. How wonderful for the working poor. Maybe the $ 5.15 was too much for the working poor. Lets see $5.15 per hor times 2080 hours per year adds up to $ 11,440 a YEAR. Not to worry the raise of $2.00 more Phased in over two years will provide an additional $ 4,160. by 2009. Is this a great country or what?