, Columnist
Is There a Right Time to Raise the Minimum Wage?
The minimum wage isn’t such a big deal for businesses where labor is only a small part of their costs. But for others, it can be the difference between profitability and not.
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The New York Times has an article on small-business owners facing minimum-wage increases. A lot of them aren't sure how they're going to cope:
"Dolores Riley has many questions and few answers. Along with every other employer in New Jersey, she woke up on New Year's Day to a new minimum wage -- $8.25 an hour, up from $7.25. Even before the increase, Ms. Riley, who owns Gramma's School House Childcare and Learning Center in Cinnaminson, had been operating on the razor's edge.