Tuesday, December 31, 2013

Businesses brace for 'serious cuts' as city enacts highest-in-nation $15 minimum wage

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As talk builds on Capitol Hill over hiking the federal minimum wage, one city in Washington state is poised to set the highest rate in the nation.

On Jan. 1, an estimated 1,600 hotel and transportation workers in SeaTac, Wash., will see their pay jump to $15 an hour, a 60 percent increase from the state's $9.32 minimum wage.

While many workers look forward to the higher pay, employers are looking for ways to absorb the big increase in labor costs. Some plan on eliminating jobs.

"We're going to be looking at making some serious cuts," said Cedarbrook Lodge General Manager Scott Ostrander. "We're going to be looking at reducing employee hours, reducing benefits and eliminating some positions."

More @ Fox

7 comments:

  1. Really $15 an hour seems a bit like slave wages. Why not $36 an hour then everyone would make at least $75,000 a year and end poverty. That seems to make perfect liberal logic.

    Badger

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    Replies
    1. Really. Remember that woman who said we should print enough money so as to make everyone well off? Dingbat.

      Delete
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