Another obvious effect of Ohio's minimum wage increase: higher costs to the consumer.
In an article in today's Cincinnati Enquirer, Craig Maier, the president and chief executive officer of Frisch's Restaurants Inc., states that the measure will cost his company about $3 million dollars a year. And who do you think will cover the loss? "The guest will have to pay it," Maier said. Of course, the cost increases won't just be limited to Frisch's and the restaurant industry. Many other businesses will have to pass the costs on the consumer.
So if you notice that the cost of your brawny lad and hot fudge cake goes up soon, blame the voters who approved Issue 2.
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