On November 5, Everett voters will have the choice between Initiative 24-01 or Initiative 24-02, both of which will raise the minimum wage. WR encourages a yes vote for I-24-02 which is a balanced measure that raises wages while supporting the long-term health of local small businesses. WR recognizes the importance of both providing workers with fair wages and maintaining a healthy economic environment for retailers and businesses across the state. I-24-01 ignores these important facts and will damage the business climate and hurt workers and small businesses in Everett.
Here’s what Initiative 24-02 will do:
- Raise the Minimum Wage: It sets a minimum wage of $20.24 for workers within Everett city limits. For large employers, this wage increase will take effect on July 1, 2025, while smaller employers will see a phased implementation over two years, reaching full effect by July 1, 2027. The minimum wage will also increase annually, starting in 2026, to keep up with inflation.
- Total Compensation Credit: Establishes a total compensation (including tips, payment for medical benefits, and retirement plans) allowance to make up the difference between the state minimum wage and what would be the Everett minimum wage. This is important to ensure that workers do not lose access to expensive health insurance and other benefits provided by employers.
- Support Small Businesses: Large employers (with over 500 employees) will adopt this wage sooner, while smaller businesses (those with 15 or more employees or annual revenues of $2 million or more) are given additional time to adjust. This thoughtful approach ensures that businesses of all sizes can adapt and thrive.
- Additional Hours for Part-Time Workers: Before hiring new staff or using subcontractors, employers must first offer additional hours to their existing part-time employees—providing more stability and income for those already working.
- Protect Workers’ Rights: The ordinance includes strong protections against retaliation for workers who seek to enforce their rights under these new standards.
Balancing the needs of workers with those of local retailers, ensuring a competitive and fair environment for businesses to thrive, is important. By voting YES on 24-02, Everett is taking a responsible approach to improving wages, boosting consumer spending, and keeping the local economy strong. Let’s continue to support a prosperous retail environment for all—vote YES on Initiative 24-02!
