Potential Increase in Minimum Wage Could Hurt Local Businesses

4 years 5 months 2 weeks ago Wednesday, December 04 2013 Dec 4, 2013 Wednesday, December 04, 2013 5:09:00 PM CST December 04, 2013 in News
By: Luke Lyddon, KOMU 8 Reporter
loading

COLUMBIA - President Obama announced Wednesday he is pushing for an increase in the federal minimum wage, calling this potential increase a good step for families and the economy.

President Obama is supporting the Demorcats' proposal to raise the minimum wage to $10.10 an hour in hopes of boosting the economy.

"And that's why it's well past the time to raise a minimum wage that, in real terms right now, is below where it was when Harry Truman was in office," Obama said.

The Missouri Department of Labor recently announced it will raise the state's minmum wage fifteen cents to $7.50 per hour which is taking place on January 1, 2014.

But some local business owners in Columbia are not happy about the President's push for an increased minimum wage of $10.10. Elly Bethune, owner of Elly's Couture, said this increase would only hurt small businesses.

"The raise to $7.50 an hour won't put a huge dent in everything and wouldn't affect us too much," Bethune said. "But if it did increase to the 10 dollars an hour, I would definitely have to decrease a lot of numbers on my staff and it is just a lot for a small business to handle."

Erin Wagoner, manager of Swank Boutique in downtown Columbia, said this potential minimum wage increase would affect mainly small businesses and would force costs to increase potentially hurting their business.

But Colleen Blake, manager of Absolute Vintage said the potential hike would be great because it is more of a living wage and more manageable.

Obama reiterated he will continue to fight for this increase.

"I'm going to keep pushing until we get a higher minimum wage for hardworking Americans across the entire country," Obama said.

More News

Grid
List
JEFFERSON CITY (AP) — Missourians who are moving outdoors as the weather should keep their eyes open for snakes. ... More >>
2 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 10:21:00 AM CDT May 26, 2018 in News
(CNN) -- The counting of votes was underway Saturday following Ireland's referendum to lift the... More >>
6 hours ago Saturday, May 26 2018 May 26, 2018 Saturday, May 26, 2018 6:43:00 AM CDT May 26, 2018 in News
NEW BLOOMFIELD - New Bloomfield has a new mayor, but it's the way he was selected that has a group... More >>
15 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 9:26:00 PM CDT May 25, 2018 in News
KANSAS CITY, Mo. (AP) — The ACLU of Missouri is suing the Independence School District on behalf of a senior... More >>
18 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 6:35:52 PM CDT May 25, 2018 in News
COLUMBIA - The Thornbrook neighborhood was without water and electricity for almost two hours on Friday. Columbia Water and... More >>
19 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 5:36:00 PM CDT May 25, 2018 in News
CALLAWAY COUNTY – Four vehicle crashes have occurred this week along State Road F west of Fulton in Callaway County.... More >>
20 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 4:12:00 PM CDT May 25, 2018 in News
COLUMBIA – After serving eight years in the United States Air Force, the passion of this veteran for sky travel... More >>
21 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 3:50:00 PM CDT May 25, 2018 in News
JEFFERSON CITY - In another day of political theater, the special House committee investigating Governor Eric Greitens heard new testimony... More >>
21 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 3:15:00 PM CDT May 25, 2018 in News
COLUMBIA- Organizers are expecting a large turnout for the 30th annual "Salute to Veterans" airshow on Memorial Day weekend. ... More >>
22 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:53:00 PM CDT May 25, 2018 in News
COLUMBIA- When most people lose an animal, one of the first steps is to put a "missing" sign on a... More >>
22 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:46:00 PM CDT May 25, 2018 in News
COLUMBIA - Aircraft and pilots met at Columbia Regional Airport Friday to prepare for the 30th annual "Salute to Veterans"... More >>
22 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:45:00 PM CDT May 25, 2018 in News
CALIFORNIA - A high-speed car chase ended Sunday when the suspect slid into a ditch, according to a press release... More >>
22 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:30:00 PM CDT May 25, 2018 in News
JEFFERSON CITY- It's no secret more cars will out for Memorial Day weekend, but many drivers are taking precautions before... More >>
22 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:16:00 PM CDT May 25, 2018 in News
JEFFERSON CITY - More than five hundred Missourians have lost their hunting, fishing and trapping licenses after a Department of... More >>
23 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 1:48:00 PM CDT May 25, 2018 in News
HARRISONVILLE (AP) — Authorities say a 12-year-old western Missouri boy fought off an attempted abduction by hitting the... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:53:00 AM CDT May 25, 2018 in News
COLUMBIA - Missouri State Highway Patrol is investigating an early morning crash on I-70 Westbound. It caused major backups... More >>
1 day ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:47:00 AM CDT May 25, 2018 in News
COLUMBIA - On Thursday, the Columbia Airport Advisory Board announced the TSA approved a security screening lane to open by... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 11:41:00 PM CDT May 24, 2018 in News
COLUMBIA- May is known for Mother’s day, Memorial Day and in Missouri, the start of tick season. “May, June... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:21:00 PM CDT May 24, 2018 in News
Columbia, MO
Broken Clouds 85°
1pm 89°
2pm 91°
3pm 91°
4pm 91°