Minimum wage hikes impact a work in progress [View all]
The minimum wage increase that took effect in Colorado at the beginning of the year is having a minimal impact so far on the south metro Denver business community, according to several proprietors and industry experts.
While some employers are evaluating how to best account for the added expense of paying workers nearly an additional $1 per hour, the bigger and more common quandary is how they will absorb the cost as the minimum wage rises an additional $2.70 over the next few years.
On the retail and fast food fronts, many locations in the south metro area — which has a higher cost of living than much of the state — already pay a market rate above the new minimum wage of $9.30 per hour.
In Parker, the Twisters Burgers and Burritos restaurant starts employees at $10.25 or $10.50 per hour. District Manager Gary Hatfield said that in other locations, he can fill positions at minimum wage.
Read more: -http://coloradocommunitymedia.com/stories/Minimum-wage-hikes-impact-a-work-in-progress,242675
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