Come tomorrow, businesses that earn at least $372 thousand a year will have to pay their employees at least $10.10 an hour.
>>Ohio’s minimum wage set to increase Jan. 1
News Center 7′s Brandon Lewis stopped by the Smoke Spot in the Pinewood Shopping Plaza in Dayton and spoke with the store manager about the minimum wage increase.
The store manager, Katrina Smith, said that employees at the smoke shop already earn more than minimum wage and now that it is increasing it could factor in when employees are considered for a raise.
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“Me getting the raise I got, I find it’s easier to pay my bills and not scrape money for food, gas, or anything else that I might want,” Smith told News Center 7.
Each year, minimum wage goes up by the rate of inflation in Ohio.
A few months ago in October, an economics professor at Wright State University, Kevin Willardsen, told Lewis that while minimum wage is increasing, it is also important to consider that the price of other goods have increased over the past year as well.
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“The nominal wage has increased but due to the increase in the price of everything else their actual purchasing power of their income hasn’t changed,” Willardsen said.