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Tag: minimum wage

2018 State Minimum Wage Changes

State minimum wage increase table

Note: These rates should be used for general informational purposes only and are not intended to be used for legal or professional purposes. Please visit state websites before making changes to employees’ rates.

There are a lot of minimum wage changes this year in the nation’s states. The rates are to take effect on January 1st, 2018 but some, like New York, may take effect December 31st, 2017.

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As Cities Fight For Wage Increases, States Ban Local Efforts

St Louis Capitol Building and Arch

On August 28th, 2017, many minimum wage workers that saw a wage increase back in May will see that increase revoked. The state government of Missouri passed a law barring municipalities from raising the minimum wage above the state’s rate.

When the state’s rate goes into effect, employers are at liberty to reverse the increases employees got in St. Louis due to the local law. The city’s new minimum wage will revert to $7.70 per hour. That’s a $2.30, or 23%, pay cut for employees.

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California’s Minimum Wage Hike

Fight for 15

Several cities have significantly raised the minimum wage in recent years around the $15 per hour range but California is the first state in the nation to do it. On Monday, Governor Jerry Brown and California state legislators reached a deal to raise the minimum wage to $15 per hour by 2022. The deal raises the minimum wage from the current $10 per hour by 50 cents per year for 2 years, and then by one dollar for four years.

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Top 5 Reasons to Reimburse the Full IRS Mileage Rate

Right on targetThere is no Federal law mandating the reimbursement of mileage expenses but the IRS does set a rate that employers and employees can use as a guide. This leaves a little room for confusion though. How much should an employer reimburse? While employers may have valid reasons for reimbursing more or less, I would argue that it’s better to reimburse the full rate. Here’s why:

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Business Math: Paying Employees a Living Wage

Business man breaking open piggy bank savingsWith all the talk about raising the Federal minimum wage to $10.10 per hour, business owners are thinking about living wages and how to ensure that they are paying their employees enough money to satisfy their basic needs.

Coming up with a blanket “living wage” might be a good start for helping lift millions of Americans out of poverty, but I think it’s worth noting that a living wage is personal and will vary from person to person.

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