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WHAT WE <br />HEARD <br />LONGMONT <br />emu% <br />Minimum Wage Earners <br />• Increased ability to meet basic <br />needs <br />• Improved quality of life <br />Attachment A - Regional Minimum Wage Engagement R <br />TOWN OF EI<i <br />187 <br />112 Cityof <br />Lafayette ` Louisville <br />Community <br />• Economic growth <br />• Concern about inflation <br />and rising costs of goods <br />& services <br />Small Businesses <br />• Increased labor costs may push local and small business owners <br />to sell, close, or move <br />• Forced to increase prices <br />• Reduction in employee hours, benefits and opportunities <br />• Wage inequity and compression <br />• Any positive aspects would be short lived <br />Purpose <br />• Belief that minimum wage should enable people to afford their <br />basic needs, improving human dignity and a sense of community. <br />• Belief that the minimum wage is not meant to be a living wage <br />but instead a training wage for inexperienced workers as they <br />gain greater knowledge, education, and skills. <br />Read the full report <br />To learn more about what we <br />heard, including the unique <br />themes from each community, <br />go to b l d r.fyi/minimum -wag e <br />Item 2 - Minimum Wage Update 16 <br />9 <br />