Business owner says wage increase means price hike

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GRAND JUNCTION, Colo. (KKCO/KJCT)-- With the new year, businesses across the state are seeing an increase in the minimum wage.

On Jan. 1, it went from $9.30 to $10.20 per hour.

One of the co-owners of The Bike Shop at 10th Street and North Avenue in Grand Junction said it impacts their bottom line because they try to pay above minimum wage and when that goes up, so does their employees' wages. They say this will have an impact on prices in the store to make up for that money.

"It won't necessarily affect the merchandise so much but it does affect the cost of landing the merchandise and checking it in and putting it on the showroom floor. The labor department--everything we do there just got more expensive," said Bryan Mick, one of the co-owners.

Voters approved the minimum wage hike back in 2016. It's set to increase every year until it reaches $12 an hour in 2020.

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