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The $15.00 Minimum Wage – Part II

Sigma Investment Counselors

June 1, 2015

It has recently come to my attention that a large, convention oriented hotel in Florida has offered guests, staying more than one day, a voucher in the amount of $5.00/day in exchange for opting out of housekeeping services.  This means that you will have to act as if you were at home, make your own bed and reuse your towels.

Obviously, the hotel is seeking to reduce housekeeping head count while maintaining a level of service that is satisfactory to its guests.  Moreover, the hotel does not have to consider closing, as many small restaurants in Seattle have done, in the face of higher minimum wages.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA®

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