WOW! This town will not have any businesses in it by the end of next year.
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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.”
That’s in the short term. Eventually, those jobs and more are expected to return as the Cedarbrook Lodge looks to build an addition to the hotel. The plan is to increase revenue to offset the higher labor costs.Continue reading on www.foxnews.com