'Way too low for way too long': Local business owners applaud July 1 minimum wage increases

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Business owners in Washington D.C. and Nevada speak out on the July 1 minimum wage increases that will directly, and positively, impact their community.

Paul Saginaw poses at the entrance to Saginaw's 24/7 Delicatessen as he gets ready for its grand opening in October, 2020.Minimum wage increases are set to take effect July 1 in Nevada, Oregon, Washington, D.C. and various other cities and counties across the U.S. And for some local business owners, the hikes are a welcome — and much awaited — change.

"We will hopefully have more customers because people in town will be making more money. The city will have more tax revenue. And I like to hope and think that the employees who are making more money will have a more comfortable living existence in a lot of communities," Schaefer says. "As far as minimum wage, it's been way too low for way too long," Saginaw says. "People can't really live well that way."

That said, here's how much minimum wages are increasing across the U.S., and why these two small business owners applaud the change.will increase from $9.50 to $10.25 for employees with health benefits and from $10.50 to $11.25 for employees without qualifying health benefits. A statewide minimum wage increase to $12 for all employees will take place in July 2024.is set to increase from $13.50 to $14.20 per hour. In Portland, minimum wage will increase from $14.75 to $15.45.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deadline for airline 5G retrofits could add to travel woes this July 4 holiday | CNN BusinessA looming deadline for airlines to retrofit their planes with updated technology could potentially disrupt some flights during one of the heaviest travel weekends of the year.
Source: CNN - 🏆 4. / 95 Read more »

Fourth of July gas prices take an almost unprecedented plunge | CNN BusinessThe roads will be crowded this Fourth of July weekend, but travelers have at least one thing going for them: much cheaper gas prices than last year.
Source: CNN - 🏆 4. / 95 Read more »