Tag: minimum wage

Minimum Wage Increases Could Minimize Financial Worries

March 25th, 2019

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    • smiling clerk at garden retail store

    Is increasing the national minimum wage a good thing for the economy? How will it affect business? How will it affect you and your personal finances?

    High and increasing inflation rates have triggered these questions about the national and state minimum wages over the last few years. In order to catch up with the rising costs of living and housing, a national plan was made effective on January 1st of 2017 to increase the minimum wage yearly until January 1st 2022, when it will be $15 an hour. For small businesses with less than 26 employees, the plan is stretched an extra year until 2023.