Celebration is in the air for employees working in big cities located in California and New York. For those unaware, the minimum wage for those select cities will increase to $15 per hour. Small business owners meanwhile, are preparing for the worst. Hansi Lo Wang, Edica Reese, Kurt Samuels, and Miesha Stokley recently sat down with Rachel Martin to discuss what small business owners can expect with the recent minimum wage increase in big cities.
Here is a snippet of Martin’s conversation with the group:
RACHEL MARTIN, HOST: It’s time now for our series Hanging On, where we take a look at the economic pressures of American life. This week, we’re looking at the minimum wage because it’s on its way up to $15 an hour in California and New York, which is an unprecedented wage bump at the state level. And it’s going to have an effect both on workers and employers. NPR’s Hansi Lo Wang has more.
HANSI LO WANG, BYLINE: Shopping these days is a little easier on Edica Reese’s wallet. She works as a cashier at a McDonald’s in New York City, where the minimum wage is on the rise.
EDICA REESE: It’s helping. I guess I can get more essentials. Before, I couldn’t get what I needed. WANG: Sometimes she would have to ask neighbors for toilet paper when she ran out. But now she and other fast-food workers in the city are making at least 10.50 an hour. That’s set to go up to $12 an hour at the end of the year.