Smallbiz Brainiac

146: Minimum Wage Madness in Minneapolis

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Synopsis

The city of Minneapolis has bought into the voodoo economic theory that they can regulate the labor market and bend it to their will. Even if you don’t have employees in Minneapolis, you need to stay on top of all the local HR laws because they are a sign of things to come. Especially if you live in a city that is governed by Democrats. The city of Minneapolis has bought into the voodoo economic theory that they can regulate the labor market and bend it to their will. They’ve jumped on the municipality minimum wage bandwagon and passed an http://www.ci.minneapolis.mn.us/www/groups/public/@clerk/documents/webcontent/wcmsp-201278.pdf (ordinance) creating a city minimum wage of $10.00 effective January 1, 2018 and increasing each year until it reaches $15.00 in 2024. The City Council and Mayor apparently unhappy with the federal and state governments lack of action to protect the city’s citizens health, safety and general welfare, have taken matters into their own dirty little hands. You see, the labor