RENO, Nev. (Mynews4.com & KRNV) -- A big focus of President Obama's plans on moving forward has to do with the minimum wage.
Last night, he announced that he would sign an executive order to raise the minimum wage for new federal contracts to $10.10 per hour. He is hoping this order will put more pressure on Congress to do the same across the country.
So, how would such a raise affect business? Bibo Coffee Company Owner Paul Martin said if all employees in the store were paid just over $10/hour, it would raise coffee prices just a little. He estimated an average of about $.05 per coffee.
But overall, Martin thinks the increase in the minimum wage would be beneficial. "Long-term, it would raise our client base, almost exponentially. We are a guilty pleasure, so to pay people a living wage, where they might have a few extra bucks, I think it would be great for business."
Currently, the Silver State has a minimum wage that is $1 above the federal minimum wage of $7.25/hour.