Friday, 17 August, 2018

Business owners getting ready for minimum wage increase

Business owners getting ready for minimum wage increase Business owners getting ready for minimum wage increase
Nellie Chapman | 31 December, 2017, 23:38

The saying, "every dollar counts", will be tested again, as Ohioans once again see a raise in minimum wage next year.

The Ontario government says the change will bring greater purchasing power for working families and a stronger economy overall, but many small business owners across the province are wondering how they will maintain profits in the face of increasing payroll costs.

Part of Marotto's job right now is to look at the books, and figure out who he'll pay his non-tipped staff $10.40 an hour on Sunday.

Since the passage of the amendment and the enactment of Florida's minimum wage law in 2005, the state minimum wage has risen $2.10 an hour, or 34 percent, since the original wage was set at $6.15 in 2005.

Of the 22 European Union member states with a minimum wage, only workers in Luxembourg (€1,999 per month) receive a higher monthly minimum wage than workers in Ireland, who take home €1,563 per month, according to the report, valid as of January 1, 2017. The minimum wage for employees of smaller businesses with fewer than 11 employees will be $12/hour. "I couldn't imagine how you could live on less than $15 an hour". It will then go up to $15 an hour at a time to be determined by the New York State Department of Labor. At the time the law passed, the country's first minimum wage was $0.25 per hour.

Some cities in the Bay Area will have an increase in wages that will be higher.

Whether it's five cents, as in 2017 or the fifteen cents for 2018, minimum wage workers will use what they can make to help them in their quest for making a decent living. Block says MI has the highest state minimum wage in the region. He's hopeful the wage increases will stop.