CNBC: ‘Way too low for way too long’: Local business owners applaud July 1 minimum wage increases
By Isabel Engel
CNBC, July 1, 2023
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.
An increase in minimum wage — and, thus, baseline salaries within local communities — allows businesses to flourish, Gina Schaefer, founder and co-owner of A Few Cool Hardware Stores, tells CNBC Make It. Schaefer owns 13 Ace Hardware stores throughout the D.C.-Maryland-Virginia metropolitan area.
“We will hopefully...