This story did not get as much press as I would have hoped, but this is an example of how increased minimum wage has closed a business, the Cloud Cliff Bakery in Santa Fe. I realize the effects of this minimum wage are more than just a bakery closing, but I won't bore you guys with that stuff. The story also brings up the increased cost of raw materials, but the minimum wage increase has not allowed him to pay rent for more than a year, while the increase in raw materials is a recent development.
http://www.abqjournal.com/news/state/303114nm04-27-08.htm
Sunday, May 04, 2008
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