As New Minimum Wage and Sick Leave Law Kicks in, some Alaska Hospitality Businesses Foresee Higher Prices and Reduced Hiring

As new minimum wage and sick leave law kicks in, some Alaska hospitality businesses foresee higher prices and reduced hiring

A UAA professor of economics said while some businesses may feel the impacts more than others, over time, consumers and businesses will adjust.

Minimum wage increasing in over a dozen cities and 3 states on July 1

Nearly two dozen states, cities and local municipalities will see some form of a minimum wage increase starting July 1.

Understanding Minimum Wage: Meaning & Impact

Minimum wages are the lowest amount of pay that an employer can legally pay for work done over a specified period of time, like hourly, weekly or monthly. It cannot be reduced by either individual contracts or collective agreements, therefore protecting workers from exploitation. Why Was Minimum Wage Introduced? Minimum wages arose to prevent workers...