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Minimum Wage Hike Increased by WCC

Dec 24 2013, 5:03am CST | by , in News | Other Stuff

The Washington City Council (WCC) will increase the minimum wage hike to $11.50 on an hourly basis in the year 2016. This decision is based on the financially fit region’s demographics and economic conditions.

Minimum Wage Hike will be Increased in 2016
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Minimum Wage Hike Increased by WCC

It happens to be the highest rate in the entire US. But that is the way things are. Washington City Council took a decision that may have been abrupt yet it was necessary too. The raising of minimum wages to $11.50 per hour was finally implemented. But it will go into effect within a time span of two years. 

The bill was passed a fortnight ago, but today it has been approved. The Mayor vetoed it saying $10 was a better wage rate. But the members of the Council are expected to overrule the Mayor’s veto. There were many business enterprises which also opposed the choice.

Some others warned that this will be detrimental in the long run. The move could repel business investment they said. Other states such as Virginia hadn’t changed their wage rates. The interest shown by influential businessmen would shift elsewhere if this step was taken in 2016. Since no man is an island, and everything affects everything else, this alternative could have dire consequences. 

The indexing of the wage rate against inflation is yet to occur though. Besides Washington, California has the highest wage rate at $15.38 per hour. After fast food staff went on strike this month, this crucial method was adopted to allay their worries. Whether it works in the long run is yet to be seen.  

Source: Reuters

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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