Louisville becomes the first city in Kentucky to raise the minimum wage above the federal level of $7.25 per hour. After a long debate, council democrats agreed to a $9.00 minimum wage which wouldn’t go into effect until 2018. Louisville joins 20 other local governments across the country to have taken this step. This raises the question whether or not this is the right decision for the Louisville community. On one side, it will certainly help hard working people that need the extra income to provide for their families. On the other side, there will be a lot of businesses heavily impacted by the increase and may give them trouble in keeping their doors open as they’re already operating on very thin margins. Do you think that the decision to increase the minimum wage is good or bad for the Louisville economy? It will certainly be interesting to watch this closely over the next few years to see whether or not the ordinance is challenged.
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