More Info on How Increased Minimum Wage Could Affect Home Businesses
July 26, 2007 by Mary Emma Allen
Laura Spencer, at Work from Home Momma, mentions my previous article, Will Increased Minimum Wage Affect Your Home Business?, and gives additional information she’s researched for The Minimum Wage Increase and the Work-at-Home-Mom (WAHM).
One interesting question Laura poses…Will the WAHM, who is working at home to earn specific amount of money (Laura uses $500/month) have to go back to work because minimum wage increases will cause the cost of living to rise and she now needs $700? As I mentioned in my post, when expenses go up (and wages are expenses), businesses (including home businesses) have to raise prices for goods and services or go out of business. Unless they can cut expenses in some other area.
I think you’ll find the additional information in Laura’s article interesting.
Thanks for linking to my article, Mary Emma. One of the reasons that I wrote the post was to help WAHMs think of ways to prepare for any increases in their cost of doing business. Hopefully, the post does that.