2013: Ohio Minimum Wage To $7.85

[The Interpreter]

An increase of 15 cents an hour. Also, a WindSeeker mention:

http://www.tribtoday.com/page/content.detail/id/577568/At-a-glance.html?nav=5021

[Rustbucket]

I always wonder if minimum wage helps or hurts these employees. People who get paid obviously get boosts in pay, but the businesses may hire less people to do the jobs. I know that virtually all of the jobs pay more than minimum wages anyway. Overall, this will not help the tax base as much as governments claim.

[The Interpreter]

Virtually all? Not at Cedar Fair, at least under Dick Kinzel. He often railed against the minimum wage, keeping Ohio amusement parks exempt from it for many years, all while personally making millions and millions of dollars himself.

[LongliveKingsCobra]

Hey I'm all for an increase in the minimum. I got billz to pay.

And student loan debt to pile on Being a college kid in the new Millennium. It's awesome.

[Rustbucket]

Virtually all? Not at Cedar Fair, at least under Dick Kinzel. He often railed against the minimum wage, keeping Ohio amusement parks exempt from it for many years, all while personally making millions and millions of dollars himself.

I know there are some companies do this although even at BK or McD were hiring at $8.00 when the minimum wage was $3.35 for a long time. There are debates of this type everywhere and both sides have valid points. Most companies have fixed budget for payroll for a year. Right or wrong, some people will miss out because another people get higher wages. I guess this is a debate between individual and macroeconomics. There is no right answer.

[stashua123]

At first a higher mininmum wage is great ! But then companies like skyline and larosas dont want to pay that money so they hire fewer teens and other people working at the minimum wage. It sounds great on paper but i dosent always turn out well(Ex: Son of Beast) This only happens sometimes so dont be worried.

Yep i know a lot about economics for my age !

[CoastersRZ]

Sometimes companies will maintain the number of employees that they have. But they will pass the increased cost of labor onto the customer, in the form of higher prices. Have you seen how high those 3 ways at Skyline cost you now? It is north of $5.

[Jerome Silberman]

In the past, under the early days of Cedar Fair, Kings Island had a habit of advertising minimum wage increases as a "raise for our valued employees." They'd comply, then never give raises to anyone in management. There was a time when the park could attract a higher caliber employee and offered more than minimum wage and more than other businesses around it. Now, it's all about the nickel.

[Buckeye Brad]

While the increased minimum wage appears to be intended to help those at the bottom of the economic ladder, I believe there is an unintended consequence. As mentioned, companies hire less at that level, and they likely simply eliminate many positions at that level altogether. The result: fewer and fewer options for those at the bottom looking to take the first step. That first step, or rung of the ladder, gets higher and higher, and more difficult.