Election Day 2024 has come and gone, and as we look at the initial results, it’s a good time to think about how the next few years might shape the barber industry. From new potential policies affecting small businesses to changes in labor laws and healthcare access, barbers and shop owners alike may see a range of adjustments that could impact their work.
Here’s a look at some key areas to keep in mind as we move forward post-election.
1. Small Business Support and Taxes
One of the primary areas we’ll be watching is how tax policies evolve under the new administration. Changes in small-business tax credits, deductions, or other financial incentives could directly affect barbershops' bottom line.
Any efforts to streamline taxes for small businesses or provide relief programs could open up new opportunities for shop improvements, employee benefits, or even expansion.
2. Healthcare Access and Costs
Many barbers operate as independent contractors or small-business owners, and healthcare access remains a crucial concern. The new administration’s stance on healthcare reform will influence costs, accessibility, and potentially the options available for independent workers.
Any steps to make healthcare more affordable for small-business owners or self-employed individuals could significantly impact barbers across the country, allowing for greater stability and benefits for shop owners and their teams.
3. Labor Laws and Wages
One of the most discussed issues during this election season was labor policy, including possible increases in minimum wage and adjustments for tipped workers. Barbershop owners should prepare for any shifts in wage requirements, which could lead to increased operational costs if minimum wage laws change.
However, a higher wage standard might also improve employee retention and attract new talent to the industry.
4. Licensing and Training Regulations
Licensing requirements are often a topic of debate when it comes to occupational reform. The newly elected administration’s approach could impact licensing fees, continuing education requirements, or the accessibility of training programs.
For barbers entering the profession or seeking reciprocity across state lines, potential licensing reforms might simplify the process, allowing more flexibility and reduced barriers to entry.
5. Local Economic Support
Economic policies that strengthen local economies and provide resources to small businesses could make a significant difference for barbershops. This could mean more incentives for small businesses, grants, or improved access to funding that supports shop improvements and expansion.
Stronger local economies generally lead to more foot traffic and a community base that can consistently support local services, including barbershops.
6. Emphasis on Sustainability
Sustainability was a key topic for many voters this year, and it’s increasingly relevant in every industry, including barbering. New policies promoting eco-friendly practices and sustainable business operations could create opportunities for barbershops to align with these values.
We may see grants, tax credits, or incentives for barbershops to adopt sustainable products, energy-efficient equipment, or waste reduction programs.
Final Thoughts: Moving Forward Together
As barbers, we’ll continue to do what we do best—serve our clients, listen to their stories, and adapt to the times. The election results may bring changes, but at Barberet Co., our commitment remains to our community, our craft, and supporting each other through it all.
No matter where the future takes us, we’ll continue to work together to make our industry a thriving, welcoming space for all.
Stay tuned and keep up with the updates. We’re excited to see where the road ahead leads!
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