From the
Clovis News Journal.com - by
Sharna Johnson - As the two-year anniversary of a more than $2 increase in the minimum wage draws near, the hit ranges from heavy at some employers to nonexistent at others. The statewide minimum wage jumped from $5.15 to $7.50 by January 2009, outpacing the federal minimum of $7.25. The increase, coinciding with economic downturn, meant Leslie’s Candy Co. owner Greg Southard had to adjust his operation to compensate. He said the company is still feeling the effects. Southard, who ships his specialty candies nationwide, said he has a formula and history that helps him determine what percentage of payroll he can afford for a product to be profitable.
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Minimum wage increase adjustments ongoing
From the Clovis News Journal.com - by Sharna Johnson - As the two-year anniversary of a more than $2 increase in the minimum wage draws near, the hit ranges from heavy at some employers to nonexistent at others. The statewide minimum wage jumped from $5.15 to $7.50 by January 2009, outpacing the federal minimum of $7.25. The increase, coinciding with economic downturn, meant Leslie’s Candy Co. owner Greg Southard had to adjust his operation to compensate. He said the company is still feeling the effects. Southard, who ships his specialty candies nationwide, said he has a formula and history that helps him determine what percentage of payroll he can afford for a product to be profitable. Read more
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