Restaurant owner Mike Ferrara supported the minimum wage increase, but he admits you may see a price hike as a result.
Mike says, "Fuel costs, food costs and now we have labor costs, so yeah, I think, like everything else, I think people are going to see an increase in the price of a meal.”
Supporters argued the wage hike would only cost pennies more on your average $20 sweatshirt, but Eddie Agramonte doesn’t buy it. A restaurant owner himself, he did not support the amendment out of fears it could force him to close his doors.
Eddie says, ”It’s going to hurt the small businessman like me and my brothers who then have to not be able to afford to do this any more because we have to pay everything out to our employees, so we put 30 to 40 people out of work.”
Of particular concern is the fact that Florida’s minimum wage is now tied to the rate of inflation; $6.15 cents in six months might be $10.15 a couple of years from now.
Rick McAllister of the Florida Retail Federation says there is already talk of repealing the amendment just like you saw with the Florida bullet train.
Rick says, "Maybe the voters would like to say, well, the dollar an hour might not have been such a bad idea, but was the cost of living annual increase such a good idea? We may give them a chance to vote on that part again."
In the meantime, lawsuits are already in the works.