Since the new rate went in to place the following has occurred: - Managers have taken more responsibilities on themselves, instead of hiring more workers. - Businesses have laid off workers, or eliminated their plans to hire more. - Area parking now comes with an added “living-wage surcharge.” - Hotels have cut employee benefits, free food, and overtime. It should not be a surprise to anyone that when bade decisions are made there are actually consequences. In all the post-wage increase press coverage, one thing you won’t read about is businesses hiring more people, despite the fact that there have been droves of newly submitted employment applications. The marked increase in these submissions is likely due to people hoping to benefit from the new minimum wage. Problem is, businesses can’t afford to hire workers at this mandated hourly rate, which should have been predictable prior to this passing. Now, as to be expected, only higher-quality workers will be getting the higher-wage jobs; since businesses have a higher floor for the wages they pay, those less qualified will not be getting hired.
Posted on: Mon, 30 Jun 2014 10:05:43 +0000
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