Ohio restaurant profits squeezed by labor costs
Mark Glasper of the Ohio Restaurant Association says many restaurants saw higher labor expenses erode yearly profits and warned some small businesses may close due to the red ink.
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 04, 2007
Page
1
Mark Glasper of the Ohio Restaurant Association says many restaurants saw higher labor expenses erode yearly profits and warned some small businesses may close due to the red ink.
Ohio restaurant groups warn the Jan 1 raise from 2.13 to 3.43 for tipped workers and 5.15 to 6.85 for non tipped workers will raise labor costs. They expect higher prices and layoffs as owners offset the increase. backers say 719000 low income Ohioans gain.
The Senate backed raising the federal minimum wage by 2.10 to 7.25 an hour over two years, pairing it with small business tax cuts and corporate pay limits. Ohio’s current minimum is 6.85, with tipped workers at 3.43, and the delta would boost Ohio wages by about 0.40 an hour over two years beyond Jan 1 increases. The bill must be reconciled with the House version. final action is not imminent.
FAA to unveil a financing plan for a satellite based air traffic control system to handle rising air travel. Officials warn delays could worsen into gridlock by 2025 and a funding gap may reach billions with the trust fund near a decade low at 1.8 billion.
Police say a 13 year old Lorain girl saw a man thought to be involved in an earlier kidnapping attempt. She reported a green pickup and a man who fit the description the next day. The earlier 16 year old victim fought off a male driver in a black four door sedan on Riverside Drive. Police released a composite sketch and continue to search for the suspect.
A truck bomb exploded in a Baghdad market Saturday killing 121 and wounding over 300. The blast flattened about 30 shops and 40 houses on the east bank of the Tigris, as Iraqi health officials and witnesses described a massive, deadly strike amid rising sectarian violence.
Fans snap up the deluxe Harry Potter and the Deathly Hallows priced at 65 dollars as preorders surge. Scholastic notes a 100000 copy deluxe Half-Blood Prince run. Barnes & Noble and Amazon discount the standard edition while retailers seek extra sales from related purchases. Release is set for July 21 with the seven books totaling over 325 million copies in 64 languages.
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