Wall Street Journal (02/13/12) Joseph de Avila
The number of people in New York state earning minimum wage has risen significantly since the beginning of the recession, one of the factors driving a debate in Albany over whether to raise the rate. Last year, the number of workers earning minimum wage was about 91,000, according to the U.S. Bureau of Labor Statistics, up sharply form 2008, when approximately 6,000 people earned the minimum wage. Democratic Assembly Speaker Sheldon Silver is backing a bill that seeks to raise the minimum wage from $7.25 an hour to $8.50 an hour, which would be indexed annually to the inflation rate.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.