Wednesday, June 19 2013 3:34 AM EDT2013-06-19 07:34:21 GMT
A fire damaged a Florence plan early Wednesday morning. Investigators said all workers were accounted for, after the fire at the Fiberex plant on Parkway Drive. Investigators told WAFF 48's Marie WaxelMore >>
Investigators are looking for the cause of a fire that damaged a Florence plan early Wednesday morning.More >>
Tuesday, June 18 2013 10:56 PM EDT2013-06-19 02:56:14 GMT
Under the Accountability Act, parents can get tax credits worth about $3,500 annually if they choose to send their child to a private school. More >>
Parents discuss their child's academic future after the state releases list that reveals nine schools in North Alabama are considered failing schools.More >>
HUNTSVILLE, AL (WAFF) -
Economists and local businesses react after President Obama announced his hope to raise the minimum wage during Thursday night's State of the Union address.
"That $1.75 means a lot," said Lisa Jackman.
Jackman is the owner of What's Popp'N, a gourmet popcorn shock off Airport Road in Huntsville. She watched the president announce the plans to raise the minimum wage to $9.00 an hour. Jackman said she has two options if that happens: raise her own prices or shut the shop down.
"To me, it's like a dog chasing its tail in a circle. It's going to get worse, some people may get laid off, some might not hire. Think of the impact that's going to cause," said Jackman.
A North Alabama economist agrees with Jackman's take. Raise the minimum wage, and watch the market turn chaotic.
"It sounds politically nice because politicians get credit for sounding like they care about people, but the purpose of government is not to care about people," said University of North Alabama economics professor David Black.
Jackman is trying to keep her costs as low as possible to turn a profit. She knows if the economy takes a dive people will most likely cut her business out of their budget. That's why she's asking Washington DC to take a look at the ramifications before they raise any wages.