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Hoo-r-a-ay for Small Business!! Weekly Address 10-24-09

World AffairsPolitics & Opinions

4 months ago


Hoo-r-a-ay for Small Business!!


Weekly Address 10-24-09


President Obama is praising small businesses stating that they have been the engine of our economy providing 65% providing new jobs in the past 15 years. He feels they must be at the forefront for stimulating our economy. Many have failed due to big box companies moving in or the high cost of health insurance for their workers.


There is a place for the small business who caters to those buyers who want something special unique. I can speak to that because I am one of those small business owners. We have our niches that we can fit in quite nicely and be able to thrive. Small businesses are doing something right being that 65% of them are providing jobs for Americans and the rest of the percent well?



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Minimum Wage Set to Rise, Government Plans Differ Over Time

World AffairsPolitics & Opinions

6 months ago

Minimum Wage Set to Rise, Government Plans Differ Over Time
 
The minimum wage is set to increase by $.70 to $7.25 on July 24th. This is the third and last phase that was put in place by the Democratically controlled Congress in 2007. From the WSJ - "The national wage floor will have increased 41% since the three-step hike was approved by the Democratic Congress in May 2007. Then the economy was humming, with an overall jobless rate of 4.5% and many entry-level jobs paying more than the minimum. That's a hard case to make now, with a 9.5% national jobless rate and thousands of employers facing razor-thin profit margins." From a published paper by Neumark and Wascher
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