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The federal minimum wage has not risen since 2009, but that hasn't stopped the cost of living to increase over the past 12 years, leading to higher prices for essential goods and services. This begs the question, should the federal minimum wage be increased to $15 per hour? Based on this information, it sounds like an easy YES! However, we must consider small business owners and how that affects them. Will the cost of goods & services increase as a result of this increase thus evening out the increase in wages? There is a lot of information to unravel on this episode so join and let us know your thoughts!
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The federal minimum wage has not risen since 2009, but that hasn't stopped the cost of living to increase over the past 12 years, leading to higher prices for essential goods and services. This begs the question, should the federal minimum wage be increased to $15 per hour? Based on this information, it sounds like an easy YES! However, we must consider small business owners and how that affects them. Will the cost of goods & services increase as a result of this increase thus evening out the increase in wages? There is a lot of information to unravel on this episode so join and let us know your thoughts!