Quote:
Originally Posted by Eric
The conservatives gleefully associate this phenomenon with the coming increase in the city's minimum wage, which kicks in April 1 with a rise to $11 an hour from $9.32. (Employers whose workers earn tips get a break--they can pay $10 if the workers make up at least another dollar from their tips.) The wage hike builds over time; for employers with fewer than 500 workers, which would probably cover every full-service Seattle restaurant, the ultimate increase to $16.49--or $15 for tip earners--doesn't happen until 2021.
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So you all think that these businesses can't figure this shit out in the next 6 years by the time the $15 rate is actually instituted?
As for the bookstore closing in San Francisco... He can bitch all he wants. But this is what happens when you run a dying business model. Should Radio Shack complain about this too? Maybe he should cry foul about Amazon and Apple crushing his poor outdated business model?
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I didn't know it would be gradual, that changes things a lot. But even if it's gradual, most restaurants are opened on credit lines or through investors who are looking for long term profits and certainly didn't count on having to pay $15 per hour in 7 years. I guess if everybody's on the same page then it's just a matter of competing but if it's just within Seattle city limits, it would be a whole lot easier to start from scratch somewhere where labor costs are more in line with the national average.