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Brace for higher state minimum wages

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in Compensation and Benefits,Human Resources

Currently, 17 states set minimum wages above the $5.15 federal minimum and you can expect that number to rise. Two key reasons: The increasing pain at the gas pump and expected high heating costs this winter will put pressure on more states to act. Plus, more states will let voters decide the fate of their state minimum wage, as Florida did last fall and California could do soon.

Advice: When planning your labor budgets, leave some flexibility for wage increases mandated by state and local governments.

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