Corn Hill Market
NY State Senator Joe Robach
Beginning on New Year's Day, hundreds of thousands of minimum wage workers will get a raise. In New York, workers will get a 40-cent increase, upping their pay to $7.15 an hour.
This is the third and final hike resulting from legislation passed in 2004.
While many small business owners say the increase is fair, they are concerned about how it will impact their bottom line.
Todd Husted owns Corn Hill Market and Deli in Rochester.
He employees nine people.
Husted expects the wage hike will cost him a couple thousand dollars next year.
"A couple thousand is a huge amount,” Husted said, “It's significant to a small business."
New York State Senator Joe Robach (R-Rochester) says the legislation was not intended to hurt small businesses.
"This was clearly an attempt to help people stay off assistance, help the bottom workers, the adult workers primarily who are raising their family on some of these jobs and really adjust that for the rate of inflation," Robach said.
"I would rather see them reform workers comp or reform some of the state-legislated fees that I pay every year,” said Husted, “That would allow me to pay my employees more than minimum wage. Adding a dollar to anyone’s wage won't allow them to buy health care."
To compensate for the wage hike, Husted and other small business owners say they will most likely have to increase prices.