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January 30, 2014

Lifting minimum wage big deal for small firms

  • Opponents say a higher minimum wage could force layoffs. Supporters say a fatter paycheck makes employees happier and more productive.
    • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — The dollar amounts may seem modest, but proposals to lift the minimum wage are a big deal for small businesses.

    It's an issue that affects large and small companies. But larger companies are more likely to have the financial resources to absorb higher payroll costs.


     
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