Minimum wage bill raises concerns for small businesses
Michigan House of Representatives will look into raising the state's minimum wage, after a bill passed the Senate Thursday.
his pay raise would mean a lot for many families, but also would mean big changes and possible headaches for local businesses.
Keedy prides himself in offering competitive wages at his three restaurants in Petoskey.
ut over the last year
he has been anticipating a statewide change.
t has been a long time since there has been a minimum wage increase, so i'm not surprised that it's moved forward
," Keedy, Wine Guys Restaurant Group Co-Owner said.
bill that just passed would increase the minimum wage
from for regular workers from $7.40 to $9.20 by the year 2017.
or tipped employees it would bump
from $2.65 to $3.50 an hour.
think a lot of our businesses would be concerned with the increase in minimum wage
," Paul Beachnau, Gaylord Chamber of Commerce Executive Director said.
igher wages means extra costs being absorbed by these small businesses.
s very hard to make money when your that small and to continue to offer that employment,
I just think our legislature needs to be very very careful," Beachnau said.
his would come at a time where small businesses are already adapting to recent boosts in property taxes and changes that come with the
Affordable Care Act.
ertainly those are important items
but at the end of the day it seems like the business owner has to bear those costs
," Beachnau explained.
eedy and many other owners in town say they are already offering wages higher than the current state minimum.
if it were to go up
businesses may have to make sacrifices to stay competitive.
ow much would this change cost consumers?
" Keedy explained.
e'd have to look at it, we either have to make less money or raise the prices