When Washington residents voted in 1998 to raise the state's minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer. In the 15 years that followed, the state's minimum wage climbed to $9.32 -- the highest in the country. Payrolls at Washington's restaurants and bars, portrayed as particularly vulnerable to higher wage costs, expanded by 21 percent. The debate is replaying on a national scale as Democrats led by President Barack Obama push for an increase in the $7.25-an-hour federal minimum, while opponents argue a raise would hurt those it's intended to help by axing jobs for the lowest-skilled.
by via Yahoo! Finance: Top Stories
by via Yahoo! Finance: Top Stories
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