Denver Post: Employers in Colorado begin calculus of balancing rising minimum wage, maintaining business
Colorado, Arizona, Washington and Maine all voted to boost minimum wage to $12 per hour
By Aldo Svaldi
Denver Post, Updated November 16, 2016
Business owners across the state are crunching the numbers and trying to figure out their next moves after Colorado joined Arizona, Washington and Maine in approving a $12-an-hour minimum wage on Tuesday.
While businesses who backed the higher wage say they think it could be good for their employees and their business, many are doing a calculation that involves finding the right balance between passing on higher costs to customers, adjusting staffing and work...