As Minimum Wages Rise, Hotels, Industrial, Retail Are Feeling The Pressure

Cities, counties and states across the U.S. are increasing their minimum wage as advocates push for a $15/hour nationwide baseline, and the rising labor costs are forcing owners and occupiers of commercial real estate to rethink their business models.

D.C. last month increased its hourly minimum wage to $14 and it will reach $15 next year under a law passed in 2016. Seven states have also enacted laws to raise the minimum wage to $15, and these states — primarily large ones like New York, California and Illinois — include 30% of all U.S. workers...

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RSK: This is a real problem, people!

Ken Notes: We need real employment solutions like: training, benefits, apprenticeship, career paths, and more. The minimum wage at $15 will just make unemployable anyone who can not hit the ground running.