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Why businesses shouldn't wait for minimum wage increases

Wisconsin is not among the 22 states seeing an increase in the minimum wage in 2019.  While other states or communities are moving the minimum wage toward $15 an hour, Wisconsin's rate is currently $7.25.  That's despite having more job openings than candidates, especially in the skilled trades.  Jim Schuessler, Executive Director of the Door County Economic Development Corporation, says raising wages dramatically is more than some business can sustain.  He adds that phasing in wage increases is easier for companies to accommodate.  Schuessler says, however, it's also easier for companies to take the initiative to compete for prospective employees.

 

 

Some companies and retailers are already following that lead by advertising wages of $12-an-hour in their help wanted campaigns.

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