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Small business owners in Los Angeles are expressing mixed reactions to California’s recent minimum wage increase from $15.50 to $16 per hour. While some, like Brady’s Bakery owner Reece Scelfo, acknowledge the need for higher wages, they worry about the broader economic factors affecting their ability to retain employees and to balance employee compensation with rising costs, according to this Los Angeles magazine article. The magazine reports that the mandatory wage hike poses challenges for businesses, particularly in the fast-food sector, leading to debates on pricing strategies and concerns about customer perceptions.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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