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Cleveland Story



Minimum Wage Increase Will Impact Thousands In NC

Credit: AP Online

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NORTH CAROLINA--

Thousands of North Carolina workers are getting a raise.

The federal minimum wage rises Friday by 70 cents to $7.25 an hour. The labor-friendly Economic Policy Institute estimates that about 167,000 workers in North Carolina will benefit from the minimum wage increase.

The federal minimum began increasing two years ago, when it was $5.15 per hour.

Supporters of the wage change say it will increase consumer spending by up to $5.5 billion as the economy tries to recover. But some economists say small businesses strapped for cash will be forced to lay off some of the same workers who might benefit.

 

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