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Vail Resorts Raises Minimum Wage for Employees to $10

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In a big move for the ski industry, Vail Resorts just announced that the company is bumping its minimum wage for entry-level positions to $10 an hour. According to a report in the Denver Post, the change will start beginning on September 26 and will be enacted in all eight states in which it operates.

Vail currently owns or operates four ski areas in Colorado (Vail, Beaver Creek, Keystone, and Breckenridge), three in Lake Tahoe (Heavenly, Kirkwood, and Northstar), two in Utah (Canyons and Park City), one in Minnesota (Afton Alps), and one in Michigan (Mount Brighton).

More on Vail Resorts:
10 Fast Facts On The Ski Industry's Biggest Player: Vail Resorts
Colorado Boosts Vail Resorts' Profits, Tahoe Lags Behind
Vail Resorts Plans to Focus on Mountains, Not Real Estate
What It Means To Ski in a Vail-Dominated World
CEO Admits that Vail Resorts Wants to Take Over World

The Denver Post reports that "In California, the company will pay $1 more than the state's minimum wage. In Utah, Wisconsin and Wyoming, it will pay $2.75 over the state's minimum wage. Vail's entry-level wage is $1.77 higher than the Colorado minimum of $8.23 per hour."

The change affects a lot of people; Vail Resorts employs about 25,000 workers in the peak of winter, the vast majority of which are seasonal employees.

So why the big change? Vail Resorts CEO Rob Katz said that the pay raise would help the company remain competitive in securing workers. "We are taking this step because it is incumbent on us to do the right thing for our employees as well as remain competitive as an employer," Katz wrote.

· Vail Resorts bumps minimum starting wage to $10 in eight states [Denver Post]