The new minimum wage is jumping in nearly two dozen states on this the first day of 2015. This is occurring as the White House and congress continue to square off over the Federal minimum wage which remains at $7.25. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses how the jump in minimum wages in two dozen states will affect the employers as well as the employees.
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Tags: higher minimum wages, income, salary