Different pay scales and timelines for businesses will be set into place according to the amount of people employed. The amount employers will have to pay will increase each year until they reach a $15 wage. This will depend on whether they are above 501 or below 500 employees. The timeline to reach this minimum wage is shortened for bigger businesses or companies. An important factor for companies with 501 or more employees that pay at least $1.50 per hour toward a silver level medical benefits plan pay fifty cents less than companies who do not. A silver level medical plan is what percent the insurance company pays for the employee and the other percent is what the employee pays out of pocket (Understanding). These companies that pay into this still have to meet a deadline to reach a $15 minimum wage by January 2018. A crucial factor for businesses with 500 employees or blow have the next decade until 2025 to reach this wage without credit for tips or insurance. There is a reason behind all of the rules and regulations for this law.
A minimum wage law has been in effect for many years. The minimum wage was put into place to protect the poor and to keep the welfare of the employees. On Seattle’s website it shows how the local government helps low-income workers and families around the area. This has a big impact on businesses and how they run. Raising the minimum wage will only impact the businesses more whether people think it is a good impact or a bad. The author leaves the reader questions to think about concerning whether this new minimum wage will lift the poor to a new standard of living and if it is