Arizona small business owners have felt the pinch this year, as the state’s minimum wage increased to $10 in January.
As a result, the state now leads the nation when it comes to the sector’s wage growth.
According to the Paychex/IHS Markit Small Business Employment Watch, Arizona saw a 4.77 percent wage growth in October.
It was trailed by California, another state that also hiked its minimum wage.
NFIB members have been raising prices and cutting staff to deal with the hike most of the year. “One thing we’ve had to do is raise our rates for our summer camp, approximately 3 to 4 percent,” said Bebe Brown May of Friendly Pines Camp in Prescott, Arizona.