There’s a price to be paid for raising the minimum wage. At one local Mexican food chain, it’s 14 cents a taco. Businesses and nonprofit groups have been adjusting to the state’s new $10 minimum wage since it superseded the old minimum wage of $9 an hour on Jan. 1. Some have raised prices or fees. Others have cut back hours. And many are thinking about the increases still to come. Last year, city leaders in Sacramento approved a gradual increase in the minimum wage to $12.50 an hour by 2020, joining a number of state and local governments around the nation that have decided the federal minimum wage of $7.25 isn’t nearly enough. While the increase will help struggling workers, businesses and their customers will ultimately have to pay for it. Read more here: http://www.sacbee.com/news/business/article56386005.html#storylink=cpy
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