We all keep hearing that the Fed (the Federal Reserve) is confounded. The economy is growing (albeit slower than they would like), but inflation- given the unemployment rates- is virtually non-existent. And, what else is non-existent is a real rise in wages.
I’ve spoken many times about the changes coming to venture funding companies. But, the point of view I’ve presented has always been from the entrepreneur’s side.
So, yesterday things changed. In 20 of these United States, the minimum wage rate has changed- plus in the District of Columbia. Now, some (9, to be precise) states will be changing the future minimum wage rates automatically. But, the other 11- plus DC- are reacting to legislative mandates. (OK, New York changed its wage laws on 31 December.)
I was reading some ideas from a law blog recently as to what these lawyers were doing now that a lot of their clients are disappearing. Some of these losses were attributed to the downturn in the economy, others to the retirement of their rainmakers, and others gave (or had) no clue as to the reasons. But, I did find some great ideas I thought I’d pass on- because these work for more than just lawyers. More importantly- they are the things we all should be doing…OFTEN!