Business Owners Speak Out on President's Proposed Minimum Wage Hike

By: Mike Springer Email
By: Mike Springer Email

By: Mike Springer
February 13, 2013

Tallahassee, FL-President Barack Obama is calling Congress to raise the federal minimum wage to $9 an hour by 2015.

But some local business owners are divided on the idea.

Over in Market Square, Lofty Pursuits serves up plenty of frosty treats.

Many of its employees are college students or recent grads.

And the idea of paying workers more actually sounds like a sweet deal to owner Gregory Cohen.

"Keeping the wage down saves money in the short-term. But people make money by growing, not by saving," said Cohen.

"This single step would raise the income of millions of working families. It could mean the difference between groceries and the food bank, rent or eviction," said President Barack Obama.

During Tuesday's State of the Union Address, President Obama pushed for the federal minimum wage to increase to $9 an hour by 2015 from its current rate of $7.25 an hour.

"I don't know how that's going to snowball into anything advantageous. I just don't see it," said Lind Reagan who co-owns Tomato Land off of Thomasville Road with her husband.

She says the potential increase would cost her an extra $14,000 dollars a year and mean possible cutbacks for her business.

Reporter: So prices could go up? Less hours for your employees?"
"Yup. Prices going up, less hours, " said Reagan.

The state of Florida increased its minimum wage to $7.79 an hour on January 1


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