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Answers That Count with Charles Musgrove is about leadership and the experiences that shape us into who we become as leaders.
Charles sits down with business owners, entrepreneurs and other leaders for real conversations about their leadership journeys. These aren't simply stories about success. They're conversations about the difficult decisions, challenges, values, and lessons that helped shape the person behind the position.
Charles Musgrove brings more than four decades of business and leadership experience to these conversations. As a CPA, Fractional CFO, entrepreneur, business advisor, coach, speaker, and teacher, Charles has spent his career working alongside business owners and leadership teams. His experience includes building businesses of his own and helping companies navigate financial challenges, operational decisions, growth, accountability, and change. That experience has taught him something important:
Leadership isn't theory. Leadership shows up in your decisions, your actions, your values, and the results you produce.
Episodes
Dec 3, 2020
Dec 3, 2020
28 min
#minimumwage, #amendment2, #florida https://answersthatcount.com
The Florida voters passed Amendment 2 on November 3, 2020 paving the way for a mandated increase in the minimum wage starting in 2021 and increasing to $15/hour over the next 5 years. Florida is not the first to pass such a measure and likely will not be the last. There is even talk about a Federal mandate to increase the minimum wage like Florida. In this episode we talk with Professor of Economics at FSU, Joe Calhoun. From an economics perspective we talk about the effects of the change that the workforce in Florida will likely experience. This subject is also discussed in "Common Sense Economics, Third Edition" a book that Professor Joe is a co-author. To quote from the book, "the basic postulate of economics indicates that a higher minimum wage will reduce the employment of low-skill workers. ... the weight of the empirical evidence indicates that each 10 percent increase in the minimum wage will reduce employment by between 1 and 2 percent.
Of course certain industries will be hit harder than others and there are many ripple effects of raising the minimum wage, like wage compression, increase in payroll related costs, like insurance, payroll taxes, etc.
Check out this show for an informative discussion about the far reaching consequences of minimum wage legislation. Be sure to click the Subscribe Button and Hit the Notification Bell https://www.youtube.com/channel/UC5U0invXUtqoyrAnniwDjhQ/?sub_confirmation=1
Also, for more information, check us out at https://answersthatcount.com/ .
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