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Dave Ratner pays his employees slightly above minimum wage in a part of the country where cost of living is much higher than in many other states. Dave has to increase wages for not only his regular staff but management as well, in order to keep the wages separate and balanced.
The minimum wage increase of 41% will occur in three 70-cent increments. It affects about 5.6 million people, or four percent of the nation’s workforce, along with a ripple effect of about 4 million other workers. While the wage increase is certain and almost immediate, tax breaks for small businesses are not. In the meantime, small business owners such as Dave Ratner must seek cost efficient measures to help stabilize their income statements...
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