Seeking Alpha

sticktoitiveness'  Instablog

sticktoitiveness
Send Message
  • It's coming...July 24

    With unemployment near 9% and businesses reeling from the recession, on July 24th minimum wage will increase 10.6% to $7.25. Wow that's timing.

    Now don't get me wrong. I support having a minimum wage, but not raising it in a recession. (To be fair it was decided years ago)

    Restaurants, hotels, and retailers who are just getting by are now going to have to increase their costs to go with their falling revenue. And sure enough employees will take it on the chin worse. Lay offs and reduced hours come with the territory here.

    Jun 02 1:59 PM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

  • ACAS finally restructured their debt.
    May 4, 2010
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.