Small business owner concerned over minimum wage increase - WNEM TV 5

Small business owner concerned over minimum wage increase

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SAGINAW COUNTY, MI (WNEM) -

Jeannie Naylor is a small business owner. She's against the minimum wage hike set to kick in at the start of 2016 on Friday.

"I don't feel it's going to benefit anybody and it certainly will hurt me," Naylor said.

She runs Wally's in Saginaw and said the 35 cent an hour increase will hurt everyone.

"You got to compensate somewhere. If you're spending more you got to charge more so everybody is going to be paying more for the products they are receiving," Naylor said.

Minimum wage jumps from $8.15 to $8.50. Full time workers will make an extra $14 per week and $728 per year.

The bump is the second of its kind since the state's minimum wage law was enacted in 2014. Increases will also take place in 2017 and 2018 which will move the minimum wage up to $8.90 per hour and $9.25 per hour respectively.

Even though Angie Clark earns minimum wage, she said she doesn't want to see her hourly rate go up.

"I'm not excited about that at all. I just think when minimum wage goes up everything else goes up,” Clark said. “And a lot of people in the middle class tend to hurt because of it.”

Naylor vows to keep costs to her patrons as low as she can. But she said she's worried about the future of her livelihood.

"Will people keep coming through my door?” Naylor said. “Will I be able to stay in business or will I have to close my doors? At what point is it going to be too much for my customers to come in and spend this money?"

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