Personal Finance Advice and Commentary

President Barack Obama proposed an increase to the federal minimum wage. How will that impact companies and investors?

It will be a happier new year for minimum-wage earners in eight states.  Hourly rates will increase between 28 and 37 cents per hour Jan. 1, 2012, for Arizona, Colorado, Florida, Montana, Ohio, Oregon, Washington and Vermont. This raise amounts to $582 to $770 more to spend (or save) per year for a full-time worker. So how