Seattle eateries closing as $15 minimum wage approaches

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timslash

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Dec 4, 2014
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Buffalo. NY
Seattle eateries closing as 15 minimum wage approaches Hot Air
Last summer we talked about the rather faint hopes that some Seattle businesses were clinging to as the city moved toward jacking up their minimum wage (for some jobs) to $15.00 per hour. Employers – particularly in the restaurant industry – were asking the city council to reconsider as they evaluated their options in the face of labor costs which were about to rise to between 42 and 47 percent of their operating expenses. It all fell on deaf ears, unfortunately, and the plan is moving forward. And rather than waiting for the roof to come crashing down, some owners are preemptively closing their doors.
Well done! People shout about minimum wage and about inequality in payments - government increase payments but forget that small companies can't do this because it's not profitable... Hell's circle!
 
Seattle eateries closing as 15 minimum wage approaches Hot Air
Last summer we talked about the rather faint hopes that some Seattle businesses were clinging to as the city moved toward jacking up their minimum wage (for some jobs) to $15.00 per hour. Employers – particularly in the restaurant industry – were asking the city council to reconsider as they evaluated their options in the face of labor costs which were about to rise to between 42 and 47 percent of their operating expenses. It all fell on deaf ears, unfortunately, and the plan is moving forward. And rather than waiting for the roof to come crashing down, some owners are preemptively closing their doors.
Well done! People shout about minimum wage and about inequality in payments - government increase payments but forget that small companies can't do this because it's not profitable... Hell's circle!

Why are a few restaurants closing down a bad thing?
 
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