Businesses brace for 'serious cuts' as city enacts highest-in-nation $15 minimum wageSubmitted by Brigger on Mon, 12/30/2013 - 17:53
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.
The question is...Why stop at $15/hr, that just seems evil!!?? Instead every citizen should have the RIGHT to be a millionaire so we should have the minimum wage at $480/hr.