IncSmart Washington (Small Business and Startups) -
Washington minimum wage has bad news for it's small business. Employers are struggling with the increase minimum wage. Small business have had to cut their payrolls. Some have stopped hiring, but the real problem is letting their workers go. Three years ago, Seattle became
one of the first cities in the nation to agree with a $15-an-hour minimum wage. The increase as to be phased in over several years. The consequences to low wage workers in Seattle have outweighed the benefits by a ratio of three to one.
The study from a group of economist researchers from the University of Washington in Seattle. The study suggests that the minimum wage has a negative effect on employment. The new wages of created a significant reduction in work hours. Now, the average minimum wage worker lost $125 a month. The debate is taking a turn among Washington's economists, politicians, businesses and labor organizers. Larger companies on the other hand find it easier to raise wages. Seattle's economy is also booming. They fear the minimum wages may slow small business and startups.
By Sandy Roberts
Starting a Business in Washington
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Washington Corporations and Washington Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
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