Increase in the minimum wage

Boston · #1 (**permalink**) 01-05-2007, 07:57 AM

The Democrats have stated that one of their priorities is raising the minimum wage. President Bush has tentatively agreed to this with the caveat that it should come with some tax breaks for the small business owners. How will an increase of $2 for the minimum wage impact your business as a small business owner?

SBA · #2 (**permalink**) 01-07-2007, 09:01 AM

For us it will not change at all because we pay all of our people a salary and are in the professional service industry.

Small Business Consultant · #3 (**permalink**) 01-10-2007, 08:14 AM

It will not impact our business or professional services firms. However I have some manufacturing clients that tell me that an increase in the minimum will require them to layoff some people - an unfortunate and often overlooked result of an increase.

invest · #4 (**permalink**) 01-15-2007, 08:07 AM

We are a small consulting shop so it will not hurt us at all.

Triton · #5 (**permalink**) 01-26-2007, 06:34 AM

Most of our clients are manufacturing plants and it is going to have a significant affect on them - I think the net result will be less employees

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