I'm trying to understand what this statement is implying. It's it saying Seattle is booming because it is mostly white? Is it saying Seattle can absorb a higher

I'm trying to understand what this statement is implying. It's it saying Seattle is booming because it is mostly white? Is it saying Seattle can absorb a higher minimum wage because it is mostly white? I can I'm trying to understand what does the diversity (or lack of) have to do with the financial well being of the entire city?