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Costs matter in hiring

 


While both sides argue over the merits of Seattle’s escalating minimum wage, there are other issues, such as the total cost per worker, which enter into hiring equations.

When employers look to add or retain workers, they must not only consider wages, but the added required benefits which they must pay for each individual they employ. They must keep costs on par with their competitors, because employees are a big part of their operating costs.

According to a U.S. Bureau of Labor Statistics (Bureau) report issued last September, wages account for just over 68 percent of total reparation wh...



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