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December 30, 2013

The Minimum Wage Debate

Effective January 01.01.2014 Washington State will have the highest hourly minimum wage of $9.32.

Minimum wage is a debate with no winners. The intent of minimum wage is perceived as a bridge to get you to your higher paying job and not to make a permanent living out of it. Well in a perfect world minimum wage would be temporary, but sadly it's not.

Rising minimum wage payrolls will be passed on to consumers so we all lose on that aspect. The danger in rising minimum wages is small businesses could downsize to survive and layoff workers. Full time workers might be reduced to part time. Some business will just fold up.

I support minimum wage reviews to raise minimum wages to keep up with inflation within reason. Proceed with caution because short time gains could have some consequences down the road.

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