Minimum Wage Increase Worries Many Black Business Owners
Entrepreneurship

Some Black Business Owners Fear Minimum Wage Hike

In an article for the Baltimore AFRO newspaper, writer Krishana Davis explored how a proposed minimum wage increase could affect African American business owners.

The proposed act, titled the America Rebuild Act, would raise the minimum wage 85 cents per hour per year. That’s a total increase of 27 percent.

Business owner Terrence Dickson, who owns an eatery in Baltimore, Maryland, already has 5-8 employees and is worried about the potential wage increase.

“Twenty seven percent is a dramatic increase,” said Dickson to AFRO. “Where am I going to get the other 27 percent? Either hire less people and have them do more work or increase profits by 27 percent.”

Read the rest of this story at AFRO


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