Nonprofit may close 15 homeless shelters due to financial trouble. One reason they cite: The rising minimum wage https://t.co/g6pD15ZThq
— Mike Baker (@ByMikeBaker) March 31, 2016
Rising health care costs since the ironically named Affordable Care Act is also named as a contributing factor:
MOVE TOWARD $15/HR WAGES AND INCREASE IN PAYABLE WORK HOURS: Believe it or not, SHARE staff—who work hard for subsistence wages–were beneficiaries of this excellent community mandate. This year we must raise our wages to $12/hour AND we took an organizational decision to increase the payable number of work hours (to 38, from 30). This, coupled with increase health care costs, represents an additional $70,000 to SHARE.
Who could have predicted that would happen? Well, a lot of people actually.