New Minimum Wage Location Trends
Due to the importance that labor costs play in the site selection process, corporations will increase their scrutiny of — and perhaps penalize — states that raise rates beyond the federal minimum. To understand the potential impact of minimum wage rate changes on corporate location decisions, Site Selection Group has analyzed the near term minimum wage changes by state in this report. Learn about the following trends:
- Industries that be at the greatest risk
- Types of employees that will be impacted
- States with the projected highest minimum wage increases
- Potential impact of increasing minimum wage rates on the economy
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