by Recyclersteve » Sun Jan 21, 2018 1:46 pm
Although the federal minimum wage is $7.25, there are 29 states (+ Washington DC) which have higher minimums. Also, some cities and companies such as Walmart and Target have higher minimums.
Those states with minimums of $10 an hour or more...
Maine $10.00
Hawaii, Rhode Island, Connecticut $10.10
Colorado $10.20
Oregon $10.25
New York $10.40
Vermont, Arizona $10.50
California, Massachusetts $11.00
Washington $11.50
Washington DC $12.00
I do think that the increase in wages will ultimately lead to inflation.
Just a random comment (not being pro or con marijuana)- it seems that lots of the states with higher minimum wages have legal marijuana (CO, OR, WA, CA, MA). Maybe I'm missing one or two. (The conspiracy theory side of me is thinking this could be as a result of people saying in a half-kidding way "I'm too broke to be able to afford marijuana.")
Also, all of these are blue states except AZ.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.