Top News: Minimum Wage Increase, Twitter’s Stock Decrease, and Laws on Paid Sick Leave

“As Minimum Wages Rise, Businesses Grapple With Consequences”

On Jan. 1, 13 states raised their minimum wage, and an additional 22 and the federal government are expected to consider increases this year as well. President Obama is backing a bill to raise the $7.25 federal minimum to $10.10 an hour, to be put into effect in three stages, with annual adjustments indexed to inflation. And in his State of the Union address, the president said he would raise the minimum paid to federal contractors by executive order.

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“User Growth for Twitter Starts to Slow, and Stock Dips”

In reporting fourth-quarter financial results on Wednesday, Twitter executives said that the service’s challenging design cut the rate of new-user growth and even prompted existing users to check their feed of messages less frequently.

The unexpected slowdown prompted investors to clip the wings of Twitter’s high-flying stock, despite otherwise strong financial results. Shares fell as much as 18 percent in after-hours trading as investors digested the company’s first financial report since its initial public offering on Nov. 7.

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“Laws on Paid Sick Leave Divide Businesses”

Many cities and states across the country have been adopting strict new mandates outlining paid sick days. In recent years, New York City, San Francisco, Jersey City, Portland, Ore. and Washington, D.C., have enacted measures. The laws generally require businesses with at least five employees to provide a number of paid sick days, based on the total hours worked, up to a specified maximum, typically five to seven days a year.

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