Jun 4, 2014
Seattle Raises Minimum Wage 61% to $15. Salary Compression Ensues
<www.icsny.org>
…So Seattle just raised its minimum wage from $9.32 to $15.00. The change will take place over several years (as early as 2017 and as late as 2021), with the speed at which employers have to comply varying by business size.
The arguments for and against raising the minimum wage are well documented. Pros are increased purchasing power for a subset of the population more likely to…
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