If you’re thinking that the federal government just raised the minimum wage you would be correct.  Last summer the rate went to $5.85.  Well it’s time to start preparing for the next raise.  You’ll remember that Congress passed a three step increase.  The second step will become effective on July 24 when the minimum goes to $6.55, with the 3^rd step ($7.25) coming one year after that.   Obviously if you have employees at minimum wage rates your costs will go up and you’ve got work to do.  But even those employers with few or no employees who work for minimum wage may be affected.  Increasing wage rates at the lower levels can create wage compression issues as there is less of a difference between what entry, level inexperienced employees and more experienced workers are paid.  This can cascade throughout an organization and create morale problems among employees at higher pay levels who aren’t even close to making minimum wage.  Widespread publicity and discussion of minimum wage and other compensation issues can also increase expectations among all employees.  Discussion of overtime issues often comes with minimum wage concerns.   Remember also, that some jurisdictions have minimum wage rates that exceed federal requirements.  And, if you are a multi-state employer….well, as always, good luck with that.