What the Vote Means for Small Business

Most immediately: The minimum wage may well rise soon. Beyond that, some of the Democratic Congress' moves will help, and some will hurt

Now that the Democrats control both houses of Congress and hold the majority of governorships for the first time since 1994 (see BusinessWeek.com, 11/8/06, "Capitol Hill's New Reality"), what should small-business owners expect? To start: a possible increase in the federal minimum wage, at some point after the new lawmakers' Congress convenes next year. (Minimum-wage increases just passed at the state level in Arizona, Colorado, Missouri, Montana, Nevada, and Ohio.)

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