Many Amarillo Texans are happy about the 70 cent raise in minimum wage, but some are still apprehensive. Many wonder if it will just hurt the economy more than it will help it because, while there will be extra money in many people's pocket, there will be an extra strain on consumers and businesses who will have to make adjustments for their payroll increase.
Local businesses in Amarillo are adjusting to the economy and new pay raise by raising their prices, taking a toll on almost every business across the nation. So, is anyone really winning? Every time minimum wage is raised, businesses raise their prices. That little extra money you just got is really not there after all; especially when you consider how much is going into your tank.
There isn't much that can help with the situation but, as a Realtor®, I can give a little advice that might be helpful. If you live outside of the city but work in the city, it would help your wallet a lot if you relocated to the city. Less driving means less gas. And public transportation is very affordable these days. Amarillo has a variety of wonderful homes that you and your family can be very happy in. It's really all about making smart decisions.
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