What the New Minimum Wage May Mean for Small-Cap
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Posted On: 03/05/2013 11:32:45 AM
What the New Minimum Wage May Mean for Small-Caps
Labor is a principal factor of production and as such must be rewarded with fair wages. This is probably why Obama was interested in raising the nation’s minimum wage from $7.25 to $9 as stated in his State of the Union address. What this means for workers, especially the unskilled ones at the lower end of the strata, is an increase in their purchasing power; which can lead to a better standard of living for them........
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