make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Minimum wage to increase

WILMINGTON -- If you make minimum wage, you'll soon see more money in your paycheck. The first of three 70-cent increases in the federal minimum wage is takes effect Tuesday. The rate will go from $5.15 an hour to $5.85 an hour. John Bolda owns Boodles Restaurant in Wilmington. He says with the increasing cost of living an increase in the minimum wage seems only fair. But he says it's going to cost the consumer down the line. Bolda said, "Well, I think the economy has been good and the unemployment very low but anytime there is a minimum wage increase it's going to affect the cost of doing bus which is inevitable going to cost the consumer." While the minimum wage increase may be a victory for some, not everyone will benefit. Most analysts say with the rising cost of paying employees, most businesses will have to raise their prices, cut menu items or lay people off just to offset the cost. Minimum wage workers will get an additional 70-cent boost every summer for the next two years, ending in 2009 at $7.25 an hour.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.