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 …read more

If you have employees and pay minimum wage, you’ll definitely find yourself paying more due to the new law, going into effect today, July 24.  The Fair Minimum Wage Act of 2007 begins by increasing the current $5.15 to $5.85 per hour.  Then the minimum wage will increase over increments until it reaches $7.25 hourly as of July 24, 2009.
Also, states vary regarding the increments.  Some will increase the minimum wage faster than decreed by the Federal Government.
If you have employees at different wage levels and at least one  is at minimum wage, how do you handle the increase?  Do you …read more

Currently there’s considerable discussion of legislation being introduced in Congress to increase the minimum wage. How will this affect the home business owner?
There are two areas to consider.
*If you have employees (and some home businesses do), you likely would have to pay out more in wages, social security, unemployment tax, and related payroll expenses. (In some states employers also pay an additional fee/tax based on payroll.)
How will you cover higher payroll? Charging higher prices on goods and services is one way. Letting one or more employees go and doing more yourself is another.
*If you don’t have …read more