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Susan Schreter's Blog  |  Top entrepreneurship educator and advocate

States Increase Minimum Wage Laws

1/3/2012 5:17:00 PM | Susan Schreter

For business owners that manage their payrolls in house or for budgeting purposes, here are changes to state wage rates:

Arizona : Minimum wage increases from $7.35 to $7.65 an hour. Minimum wage for tipped employees increases from $4.35 to $4.65 an hour. Colorado : Minimum wage increases from $7.36 to $7.64 an hour. Minimum wage for tipped employees increases from $4.34 to $4.62 an hour. Florida : Minimum wage increases from $7.31 to $7.67 an hour. Minimum wage for tipped employees increases from $4.29 to $4.65 an hour. Montana : Minimum wage increases from $7.35 to $7.65 an hour. (Montana state law does not allow employers to take a tip credit against minimum wage for tipped employees.) Ohio : Minimum wage increases from $7.40 to $7.70 an hour. Minimum wage for tipped employees increases from $3.70 to $3.85 an hour. Oregon : Minimum wage increases from $8.50 to $8.80 an hour. (Oregon state law does not allow employers to take a tip credit against minimum wage for tipped employees.) Vermont : Minimum wage increases from $8.15 to $8.46 an hour. Minimum wage for tipped employees increases from $3.95 to $4.10 an hour. Washington : Minimum wage increases from $8.67 to $9.04 an hour. (Washington state law does not allow employers to take a tip credit against minimum wage for tipped employees.) San Francisco : Minimum wage increases from $9.92 to $10.24 an hour.



 

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I've always been a little contrarian. Since roughly two-thirds of startups fail within seven years and one third fail within two years, isn't it worth knowing what common mistakes business owners make to help new startup entrepreneurs prosper with less money loss and heartbreak? Yes!

Now it's time to share. I'm working on a book series, how-to video projects, and on-air commentary -- all based on eight years of passionate dedication to the subject of why startups fail. The good news is the most common reasons why companies flounder are entirely avoidable.

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